What was the ending cash and cash equivalents for Bananas Smoothies Frozen Yogurt in 2024?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
in the aggregate, that raise substantial doubt about Everything Yogurt Brands, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Florham Park, New Jersey
March 20, 2025
What This Means (2025 FDD)
According to the 2025 FDD, Bananas Smoothies Frozen Yogurt's cash and cash equivalents at the end of 2024 totaled $364,512. This figure represents the amount of liquid assets the company had on hand at the close of the fiscal year, which ended on December 29, 2024. The FDD also provides comparative figures for 2023 and 2022, showing cash and cash equivalents of $561,480 and $873,345, respectively.
These figures are important for prospective franchisees as they offer insight into the financial health and liquidity of Bananas Smoothies Frozen Yogurt. A higher cash balance generally indicates a stronger ability to meet short-term obligations and invest in future growth. The decrease in cash and cash equivalents from 2023 to 2024 could be a point of interest for potential franchisees, prompting them to inquire about the reasons for this change and the company's strategies for managing its cash flow.
It is important to note that these figures reflect the financial position of the franchisor, Everything Yogurt Brands, LLC, and not necessarily the performance of individual franchise locations. While the franchisor's financial stability is a relevant factor, prospective franchisees should also conduct their own due diligence to assess the potential profitability and cash flow of a Bananas Smoothies Frozen Yogurt franchise. This includes reviewing the Item 19 financial performance representations in the FDD and speaking with existing franchisees to gather firsthand insights.