What were the total current assets 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 | 7,6 |
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 total current assets in 2023 were $92,658. This figure represents the sum of cash and cash equivalents ($75,685), accounts receivable ($0), inventory ($0), and deferred commissions ($16,973) as of December 31, 2023.
Understanding a company's current assets is crucial for prospective franchisees. Current assets are those that can be converted into cash within a year, indicating the company's short-term financial health and liquidity. A higher value of current assets suggests that Antioch Pizza Shop has sufficient resources to meet its immediate obligations.
For a potential Antioch Pizza Shop franchisee, this information provides insight into the franchisor's financial stability. While $92,658 might seem like a modest amount, it's important to consider this figure in relation to the company's current liabilities, which totaled $43,142 in 2023. Comparing these values helps assess the company's ability to cover its short-term debts with its liquid assets. It is also important to note that the total current assets also equaled the total assets for Antioch Pizza Shop in 2023.