What was the value of Atwell Suites' restricted cash as of December 31, 2023?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | |||
|---|---|---|---|
| Current assets: | |||
| Cash and cash equivalents | $ 49,317 | $ 63,805 | |
| Restricted cash | 382 | 2,210 |
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to Atwell Suites's 2025 Franchise Disclosure Document, the company's restricted cash as of December 31, 2023, was $2,210.
Restricted cash, as opposed to regular cash and cash equivalents, is cash that is designated for a specific purpose and not generally available for the company's immediate use. This could be funds held in escrow, security deposits, or other amounts with usage restrictions.
For a prospective Atwell Suites franchisee, understanding the levels and fluctuations in restricted cash can provide insights into the financial obligations and commitments the company has. It is important to note that this cash is not available for day-to-day operations, so a higher balance of restricted cash might indicate more specific financial obligations.