When did Anago sell the territory held by EHLB, Inc. dba Anago of Las Vegas?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, and 2022**
| Stocksareinvestments | that arevalued | based onquoted prices on thelast | tradingdateof the principal market on or | |---|---|---|---| | before December | 31, 2024, 2023, and | 2022. They include investments | that are directly held in publicly traded | | | 2023, 2022 | the fair market value of the stock investments | totaled | | equities. As | of December 31, 2024, | and | | | $1,601,902,$1,371,933,and$708,515,respectively. | | Thesefunds have been | invested in domesticstocks. | NOTE A – PRINCIPLES OF CONSOLIDATION, NATURE OF ACTIVITIES AND SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of Anago Cleaning Systems, Inc., Anago Franchising, Inc., Anago Direct Marketing, Inc., APLR, Inc., CCTD, Inc. and PBTR, Inc., (the consolidated group referred to as the "Company").
In January 2023 the Company acquired EHLB, Inc. dba Anago of Las Vegas which is included in the consolidated financial statements during the year ended December 31, 2023. In November 2024, the Company sold the territory held by EHLB, Inc. dba Anago of Las Vegas.
The intercompany accounts of the Company have been eliminated.
Nature of Activities
Anago Cleaning Systems, Inc.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the company sold the territory assets of EHLB, Inc. dba Anago of Las Vegas in November 2024. The proceeds from the sale were $400,000, while the estimated cost of the territory was $98,000. This resulted in a gain on the sale of $302,000, which Anago recorded as other income on its consolidated statement of operations.
Because EHLB, Inc. dba Anago of Las Vegas operations will not continue in future periods, Anago reclassified the entity's revenue and expenses and reported them under "other income and expenses." The net income (loss) for EHLB, Inc. dba Anago of Las Vegas for the years ending December 31, 2024, and 2023, which totaled ($34,405) and $317,735, respectively, were also reclassified to other income (expenses) for comparison purposes and to reflect the discontinuation of future operations.
In January 2023, Anago acquired EHLB, Inc. dba Anago of Las Vegas, which was included in the consolidated financial statements for the year ended December 31, 2023. During the years ended December 31, 2024, 2023, and 2022, Anago held ownership in EHLB, Inc., PBTR, Inc., and CCTD, Inc. The company holds certain master franchisees through temporary ownership due to abandonment or returned master territories, maintaining operations with the intent of reselling to an unrelated party.