What was the amount of cash and cash equivalents for Apricot Lane in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
LLP Grass Valley, CA February 10, 2025
Sointo Group
2
| ASSETS | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Current Assets |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $186,678 in 2023. This figure represents the amount of readily available funds the company had at its disposal at the end of that year. Cash equivalents are defined as short-term investments convertible to cash with an original maturity of three months or less.
For a prospective Apricot Lane franchisee, this number provides insight into the financial health and liquidity of the franchisor. A higher cash and cash equivalents balance generally indicates a stronger ability to meet short-term obligations and invest in growth opportunities.
It is important to note that while this figure provides a snapshot of Apricot Lane's cash position at a specific point in time, it does not reflect the company's overall financial performance or long-term solvency. A potential franchisee should review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of the franchisor's financial condition.