What was the total balance for All Team at December 31, 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance at December 31, 2022 | $ 1,000 | $ 119,000 | $ | 527,362 | $ | 647,362 |
|---|---|---|---|---|---|---|
| Net income | 201,944 | 201,944 | ||||
| Stockholder distributions | (16,373) | (16,373) | ||||
| Balance at December 31, 2023 | 1,000 | 119,000 | 712,933 | 832,933 | ||
| Net income (loss) | (43,528) | (43,528) | ||||
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total balance at December 31, 2024, was $787,144. This figure is derived from the statement of changes in stockholder's equity. It represents the sum of common stock ($1,000), additional paid-in capital ($119,000), and retained earnings ($667,144).
For a prospective franchisee, this indicates the overall financial position of All Team at the end of 2024. It shows the portion of the company's assets that are owned by the stockholders. The balance reflects the cumulative effect of net income or losses and any stockholder distributions over the years.
It is important to note that this balance represents the stockholder's equity and not the total assets or liabilities of All Team. The total assets for All Team at the end of 2024 were $3,013,036, while the total liabilities were $2,225,892. A potential franchisee should review the complete financial statements, including the balance sheets, income statements, and cash flow statements, to gain a comprehensive understanding of All Team's financial health.