What were the total assets for Aw as of December 31, 2022?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
during the audit.
Muhammad Zubairy, CPA PC Westbury, NY June 6, 2024
BALANCE SHEETS RAYYAN PIZZA FRANCHISE LLC
| ASSETS | ||
|---|---|---|
| YEARS ENDED DECEMBER 31 | ||
| 2023 | 2022 | |
| Assets | ||
| Cash |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the company's total assets as of December 31, 2022, were $86,289. The FDD provides a balance sheet that details Aw's assets, liabilities, and equity for the years 2023 and 2022. This financial statement offers a snapshot of the company's financial health and position at the end of each of those years.
Specifically, the assets listed include cash, the amount due from franchisees, and the amount due from related parties. For 2022, the breakdown of assets includes $33,561 in cash, $1,226 due from franchisees, and $51,502 due from related parties, which when combined, total $86,289 in total assets.
Prospective franchisees can use this information to assess Aw's financial stability and to understand how the company manages its assets and liabilities. Reviewing these figures in comparison to previous years and industry benchmarks can provide valuable insights. It is important to note that past financial performance does not guarantee future results, but it can offer a sense of the company's financial trajectory.