What was the total liabilities and stockholders' equity 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 | 996,592 | ||
| Total Assets | _ - | s - | 1,674,622 | $ and the same | 1,895,292 |
| LIABILITIES & ST | FOCKHOLDERS' | EQU | ITY | ||
| Current Liabilities: | |||||
| Accounts payable and accrued liabilities | 8 | 35,246 | $ | 58,419 | |
| Accrued payroll | a | 122,602 | φ | 168,271 | |
| Accrued interest | 10,167 | 21,968 59, |
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 liabilities and stockholders' equity in 2023 was $1,895,292. This figure represents the sum of what Apricot Lane owes to others (liabilities) and the value of the owners' stake in the company (equity) at the end of the 2023 fiscal year.
For a prospective franchisee, this number provides a snapshot of the company's overall financial structure and health. A higher number suggests a larger asset base and potentially greater financial stability. However, it's important to analyze the components of liabilities and equity to understand the underlying financial obligations and ownership structure.
It is important to note that this figure reflects the financial position of the franchisor, Country Visions, Inc., and not the financial performance of individual Apricot Lane franchise locations. While the franchisor's financial health can indirectly impact franchisees, the success of a franchise location depends on various factors, including location, management, and local market conditions. Therefore, prospective franchisees should also focus on the financial performance and projections of individual franchise units when evaluating the opportunity.