What were the retained earnings for Apricot Lane as of December 31, 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
59,242 | | Net Income (Loss) | $ 214,496 | $ 4,020 |
| Com | man Stack | Poid | l in Capital | Retained Earnings | Total | ||
|---|---|---|---|---|---|---|---|
| Polomos Dosember 21, 2022 | Common Stock | · | |||||
| Balances, December 31, 2022 | $ | 24,563 | $ | 90,000 | $ 317,039 | S | 431,602 |
| Distributions | - | - | (174,000) | (174,000) | |||
| Net Income | - | 4,020 , | 4,020 -, | ||||
| Balances, December 31, 2023 | $ | 24,563 | $ | 90,000 | $ 147,059 | $ | 261,622 |
| Distributions | - | - | - | - | |||
| Net Income | - | - | 214,496 | 214,496 |
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 balance sheet provides details on retained earnings. As of December 31, 2023, Apricot Lane's retained earnings were reported as $147,059. This figure represents the accumulated profits of the company after accounting for distributions and net income.
Retained earnings are a key indicator of a company's financial health and its ability to reinvest in the business or distribute profits to its owners. For a prospective Apricot Lane franchisee, this number provides insight into the financial stability and profitability of the franchisor. A higher retained earnings balance generally suggests a more financially secure company.
It's important to note that retained earnings are just one aspect of a company's financial picture. A prospective franchisee should also consider other factors such as revenue, expenses, assets, and liabilities when evaluating the financial health of Apricot Lane. Consulting with a financial advisor is recommended to fully understand the implications of these financial figures.