What were the total assets for Aw as of December 31, 2023?
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, 2023, were $64,044. The assets included cash of $4,705, $7,837 due from franchisees, and $51,502 due from related parties.
Understanding the composition of Aw's assets can be valuable for prospective franchisees. A significant portion of Aw's assets in 2023 consisted of amounts due from related parties, which may warrant further investigation to understand the nature and collectability of these receivables. The amount due from franchisees could reflect outstanding royalty payments or other fees.
It is important to note that assets are just one component of a company's financial health. Liabilities and equity also play a crucial role. For Aw, the total liabilities and members' equity also amounted to $64,044 as of December 31, 2023, balancing the assets. Reviewing the complete financial statements, including the balance sheets, income statements, and cash flow statements, will provide a more comprehensive view of Aw's financial condition.
Prospective franchisees should consult with a financial advisor to fully understand the implications of Aw's financial statements. This will help them assess the financial stability of the franchisor and make informed decisions about investing in an Aw franchise.