What was the total value of Aplus's cash and cash equivalents as of December 31, 2023?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
osts, by performing independent market research and analyses.
/s/ GRANT THORNTON LLP
We have served as the Partnership's auditor since 2015.
Dallas, Texas February 16, 2024
SUNOCO LP CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
| | December 31, 2023 | Decem
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the company's total cash and cash equivalents as of December 31, 2023, amounted to $29. This figure reflects the readily available funds Aplus had at its disposal at the close of the fiscal year.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. However, the $29 figure reported for Aplus is notably low.
This relatively small amount of cash and cash equivalents might raise concerns about Aplus's ability to invest in new initiatives, support franchisees during challenging times, or manage unforeseen expenses. It would be prudent for potential franchisees to inquire about the reasons for the low cash balance and Aplus's strategies for maintaining financial stability and supporting its franchise network.