What were the total liabilities and stockholders' equity 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 total liabilities and stockholders' equity in 2023 was $92,658. This figure represents the sum of what the company owes to others (liabilities) and the value of the owners' stake in the company (stockholders' equity) at the end of the 2023 fiscal year. This value provides a snapshot of the company's financial structure and its ability to meet its obligations.
Specifically, the total liabilities for Antioch Pizza Shop in 2023 amounted to $43,142, comprising current liabilities such as accounts payable ($8,142) and deferred revenue ($35,000). Stockholders' equity totaled $49,516, which includes common stock ($10), additional paid-in capital ($6,810), and retained earnings ($42,696). The breakdown of liabilities and equity provides insight into the specific obligations and ownership structure of the company.
Prospective franchisees should note that this figure reflects the financial position of the franchisor, Wix Franchise, Inc., and not necessarily the performance of individual Antioch Pizza Shop franchise locations. Reviewing these figures over the three-year period (2022-2024) can reveal trends in the company's financial management and stability. It is important for potential franchisees to consult with a financial advisor to understand the implications of these figures for their own investment.