What was the total liabilities amount for All Team as of December 31, 2024?

According to All Team's 2025 Franchise Disclosure Document, the company's total liabilities as of December 31, 2024, were $2,225,892. This figure represents the sum of All Team's current liabilities ($2,194,292) and long-term liabilities ($31,600) at the end of the fiscal year. In comparison, All Team's total liabilities as of December 31, 2023, were $2,659,768.

Breaking down the liabilities further, the current liabilities include accounts payable ($2,646), amounts due to a stockholder ($14,772), the current maturity of an operating lease liability ($58,709), a credit line payable ($859,983), accrued expenses ($124,879), and other funding liabilities ($1,133,303). The long-term liability consists of the operating lease liability, net of current maturity, which was $31,600.

A prospective franchisee should consider these figures in the context of All Team's overall financial health and compare them to industry benchmarks. Understanding the nature and terms of each liability can provide insights into the company's financial obligations and potential risks. Reviewing the trend in liabilities from 2023 to 2024, along with the corresponding changes in assets and equity, can offer a more comprehensive view of All Team's financial stability.