What were the retained earnings for Antioch Pizza Shop in 2023?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
t (FDD) and is not intended to be, and should not be, used or relied upon for any other purpose.
St. George, Utah March 17, 2025
BALANCE SHEETS
As of December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Assets | ||||||
| Current assets | ||||||
| Cash and cash equivalents | $ | 237,291 | $ | 75,685 | $ | 126,781 |
| Accounts receivable | 22,400 | - | - | |||
| Inventory | 7,650 | - | - | |||
| Deferred commissions | 8,965 | 16,973 | - | |||
| Total current assets | 276,306 | 92,658 | 126,781 | |||
| Total assets | $ | 276,306 | $ | 92,658 | $ | 126,781 |
| Liabilities and Stockholders' Equity | ||||||
| Current liabilities | ||||||
| Accounts payable | $ | 5,943 | $ | 8,142 | $ | 1,759 |
| Deferred revenue | 35,000 | 35,000 | 25,000 | |||
| Total current liabilities | 40,943 | 43,142 | 26,759 | |||
| Total liabilities | 40,943 | 43,142 | 26,759 | |||
| Stockholders' equity | ||||||
| Common stock, $0.001 par value, 1,000 | ||||||
| shares authorized, issued, and outstanding | 10 | 10 | 10 | |||
| Additional paid-in capital | 6,810 | 6,810 | 6,810 | |||
| Retained earnings |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the company's retained earnings as of December 31, 2023, were $245,516. This figure represents the accumulated net income of Antioch Pizza Shop that has been retained within the business rather than being distributed as dividends to stockholders. Retained earnings are a key indicator of a company's financial health and its ability to reinvest in future growth.
For a prospective Antioch Pizza Shop franchisee, understanding the franchisor's retained earnings can provide insight into the financial stability and profitability of the franchise system. A healthy level of retained earnings suggests that the franchisor is generating profits and managing its finances effectively. This can be reassuring for franchisees who are considering investing in the brand.
It's important to note that retained earnings can be affected by various factors, including net income, dividend payouts, and accounting adjustments. While a high level of retained earnings is generally positive, it's essential to consider the context and the reasons behind the accumulation. Reviewing the complete financial statements and consulting with a financial advisor can provide a more comprehensive understanding of the franchisor's financial position.