What were the total current assets 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
EVERYTHING YOGURT BRANDS, LLC (A L
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 FDD, Bananas Smoothies Frozen Yogurt's total current assets for 2024 were $387,006. This figure represents the sum of the company's cash and cash equivalents, which amounted to $364,512, and the net royalties and advertising fees receivable, which totaled $22,494.
Understanding the composition of current assets is crucial for prospective franchisees. Cash and cash equivalents indicate the company's readily available funds, while receivables reflect the money owed to the company. A healthy balance of these assets suggests financial stability and efficient revenue collection processes.
It's also worth noting the comparison to the previous year. In 2023, the total current assets were $583,984, comprising $561,480 in cash and cash equivalents and $22,504 in royalties and advertising fees receivable. The decrease in cash and cash equivalents from 2023 to 2024 could be due to various factors, such as increased operating expenses or investments in the business. A prospective franchisee should inquire about the reasons for this change to gain a better understanding of the company's financial management and future outlook.