What were the cash and equivalents at the end of the year for Anago?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
s of $400,000 with an estimated cost of the territory of $98,000 for a gain on sale of the territory assets of EHLB, Inc. dba Anago of Las Vegas of $302,000 which has been recorded as other income on the consolidated statement of operations. As EHLB, Inc. dba Anago of Las Vegas operations will not continue in future periods the revenue and expenses of the entity have been reclassed and reported with "other income and expenses". Net income (loss) for EHLB, Inc. dba Anago of Las Vegas for the years ended December 31, 2024 and 2023 totaling ($34,405) and $317,735, respectively, have been reclassed to other income (expenses) for compari
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the company's cash and equivalents accounts are placed with high credit-quality financial institutions. The FDD indicates that Anago may be subject to credit risk in the future. The Federal Deposit Insurance Corporation (FDIC) offers coverage up to $250,000 for substantially all depository accounts.
As of December 31, 2024, Anago had $1,370,883 in funds exceeding the FDIC limit. In 2023, this amount was $1,381,558, and in 2022, it was $660,503. Additionally, Anago held funds within an investment brokerage account totaling $329,552 as of December 31, 2024. These funds totaled $54,207 in 2023 and $191,769 in 2022, and are not insured through the FDIC program.
This information is relevant for prospective franchisees as it provides insight into Anago's financial management and risk exposure related to its cash holdings. Franchisees may want to inquire about Anago's strategies for managing and mitigating credit risk, as well as the types of financial institutions and investment vehicles used for its cash and equivalents.