What was the total balance for All Team at the end of December 31, 2023?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance at December 31, 2021 | $ 1,000 | $ 119,000 | $ | 311,577 | $ | 431,577 |
|---|---|---|---|---|---|---|
| Net income | 224,177 | 224,177 | ||||
| Stockholder distributions | (8,392) | (8,392) | ||||
| Balance at December 31, 2022 | 1,000 | 1 |
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 the end of December 31, 2023, was $832,933. This figure represents the sum of several components, including common stock, additional paid-in capital, and retained earnings.
Specifically, the balance is composed of $1,000 in common stock, $119,000 in additional paid-in capital, and $712,933 in retained earnings. These figures provide a snapshot of All Team's equity structure and overall financial position at the close of 2023.
Prospective franchisees should note that this balance reflects the financial health of the franchisor, All Team, and not the potential financial performance of an individual franchise unit. Reviewing these figures in conjunction with other financial statements, such as the income statement and cash flow statement, can offer a more comprehensive understanding of All Team's financial stability. It is advisable to consult with a financial advisor to fully assess the implications of these figures.