table_specific

What was the total value of All Team's assets in 2023?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

findings, and certain internal control related matters that we identified during the audit.

Tampa, Florida

May 30, 2024

ALL TEAM FRANCHISE CORPORATION BALANCE SHEETS

AS OF DECEMBER 31, 2023 AND 2022

2023 2022
CURRENT ASSETS
Cash $ 1,015,879 $ 894,307
Accounts receivable-trade, pledged, 1,075,420 2,468,379
less credit losses of $57,416 and $51,915, respectively
Advances to related parties 1,091,453 486,445
Prepaid expenses 20,368 4,098
Due from IRS 49,780 -
Total Current Assets 3,252,900 3,853,229
PROPERTY AND EQUIPMENT, net - -
OTHER ASSETS
Operat

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the company's total assets in 2023 were valued at $3,492,701. This figure represents the sum of All Team's current assets, property and equipment, and other assets. Current assets, which are those expected to be converted to cash within a year, totaled $3,252,900. Other assets, including operating lease right-of-use assets, deposits, and intangible assets, amounted to $239,801.

For a prospective franchisee, understanding the asset composition of All Team provides insight into the financial health and stability of the company. A significant portion of All Team's assets are current, indicating liquidity and the ability to meet short-term obligations. The presence of intangible assets suggests brand value or intellectual property that contributes to the overall worth of the company.

It's important to note that while the FDD provides a snapshot of All Team's assets, it does not detail the specific nature or quality of these assets. A potential franchisee should conduct further due diligence to assess the value and risk associated with each asset category. This may involve reviewing the company's accounting practices, evaluating the market value of its intangible assets, and assessing the collectibility of its accounts receivable.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.