What was the total balance for All Team at the end of December 31, 2021?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
r Income (Expenses) | 559,855 | 313,671 | | NET INCOME | $ 201,944 | $ 224,177 |
ALL TEAM FRANCHISE CORPORATION STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| Balance at December 31, 2021 | $ 1,000 | $ 119,000 | $ | 311,577 | $ | 431,577 |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the balance at December 31, 2021, was $431,577. This figure represents the total balance for All Team at the close of the 2021 financial year. The document also lists the components contributing to this balance, including figures of $1,000 and $119,000, although the specific categories for these amounts are not detailed in this excerpt.
This information is crucial for prospective franchisees as it provides a snapshot of All Team's financial standing at that time. Understanding the company's financial history can help franchisees assess the stability and potential risks associated with investing in the franchise. The balance reflects the cumulative effect of All Team's operations, including net income and any distributions to stockholders, up to that point.
It's important to note that while the FDD provides historical financial data, past performance is not necessarily indicative of future results. Prospective franchisees should consider this information in conjunction with other factors, such as current market conditions and All Team's strategic plans, to make an informed investment decision. Consulting with a financial advisor is recommended to fully understand the implications of All Team's financial statements.