What were the total assets for Apricot Lane in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
LLP Grass Valley, CA February 10, 2025
Sointo Group
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| ASSETS | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Current Assets: | 4. | 107 (10 | |||
| Cash and cash equivalents | S | 85,129 | $ | 186,678 | |
| Marketable securities | 113,379 | 161,923 | |||
| Franchise fees receivable | 222,000 | 207,000 | |||
| Franchise royalties and advertising receivable | |||||
| less allowance for doubtful accounts | 72,069 | 95,760 | |||
| Reimbursable franchise costs and other receivab | les | ||||
| less allowance for doubtful accounts | 18,076 | 24,017 | |||
| Prepaid expenses | 20,201 | 22,346 | |||
| Current portion of notes receivable | _ | - | |||
| Total Current Assets | 530,854 | 697,724 | |||
| Furniture, equipment, and vehicles net | 156,003 | 200,976 | |||
| Other Non-current Assets: | |||||
| Security deposit | 2,500 | 2,603 | |||
| Right-of-use lease asset | - | 8,724 | |||
| Notes Receivable, less current portion | 985,265 | 985,265 | |||
| Total Other Non-current Assets | _ | 987,765 |
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 total assets in 2023 were $1,895,292. This figure represents the sum of all current assets, furniture, equipment, vehicles, and other non-current assets held by Apricot Lane at the end of the 2023 fiscal year.
Breaking down the asset composition, Apricot Lane's current assets totaled $697,724 in 2023. These include liquid assets like cash and cash equivalents ($186,678), marketable securities ($161,923), franchise fees receivable ($207,000), and other receivables, as well as prepaid expenses ($22,346). Non-current assets, which are not easily converted to cash, included furniture, equipment, and vehicles (net value of $200,976), a security deposit ($2,603), a right-of-use lease asset ($8,724), and notes receivable ($985,265).
For a prospective franchisee, understanding the asset values of Apricot Lane can provide insights into the financial stability and resource base of the franchisor. A higher asset value generally indicates a stronger financial position, which can be reassuring for franchisees who rely on the franchisor's support and guidance. However, it is important to consider the composition of these assets and how they contribute to the franchisor's operations and profitability. Reviewing these figures in context with liabilities and equity can offer a more comprehensive view of the company's financial health.