What was the total other assets amount for All Team as of December 31, 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| OTHER ASSETS | ||
| Operating lease right-of-use assets | 90,309 | 143,935 |
| Deposits | 34,537 | 34,537 |
| Intangible assets | 61,329 | 61,329 |
| Total Other Assets | 186,175 | 239,801 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total other assets as of December 31, 2024, was $186,175. This figure is comprised of several sub-categories of assets that are not classified as current assets or property and equipment. These include operating lease right-of-use assets, deposits, and intangible assets.
The operating lease right-of-use assets for All Team were valued at $90,309 as of December 31, 2024. Deposits totaled $34,537, and intangible assets were valued at $61,329. These individual components, when added together, constitute the total other assets figure of $186,175.
Prospective franchisees should understand the composition of the "other assets" category, as these assets contribute to the overall financial health and stability of All Team. Monitoring these assets over time can provide insights into the company's investment strategies and long-term financial planning. The decrease in total other assets from 2023 to 2024 may reflect changes in leasing arrangements or the amortization of intangible assets.