What was the total value of Apricot Lane's assets 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 amounted to $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. This number is derived from the company's financial statements, which are prepared using the accrual method of accounting, in accordance with Generally Accepted Accounting Principles (GAAP).
A breakdown of the assets reveals that current assets totaled $697,724, including cash and cash equivalents of $186,678, marketable securities valued at $161,923, and franchise fees receivable of $207,000. Additionally, furniture, equipment, and vehicles (net) were valued at $200,976. Other non-current assets, including security deposits and notes receivable, totaled $996,592. These figures provide a snapshot of the resources that Apricot Lane had at its disposal to conduct its business operations during that period.
For a prospective franchisee, understanding the asset values of the franchisor can offer insights into the financial stability and resource base of the company. A higher asset value generally indicates a stronger financial position, which can be reassuring for franchisees who are considering investing in the brand. However, it's also important to consider how these assets are utilized and whether they contribute to the overall profitability and growth of the franchise system. Reviewing these figures in conjunction with liabilities and equity can provide a more comprehensive view of the company's financial health.
It is important to note that these figures reflect the financial position of the franchisor, Country Visions, Inc., and not the financial performance of individual Apricot Lane franchise locations. Potential franchisees should conduct their own due diligence and consult with financial advisors to assess the financial viability of investing in an Apricot Lane franchise.