What were the total liabilities for Bananas Smoothies Frozen Yogurt in 2023?
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 Limited Liability Company) BALANCE SHEETS DECEMBER 29, 2024 AND DECEMBER 31, 2023
| 2024 | 2023 | ||
|---|---|---|---|
| ASSETS | |||
| Current assets: Cash and cash equivalents Royalties and advertising fees receivable, net | $ | 364,512 22,494 | $ 561,480 22,504 |
| TOTAL ASSETS | $ | 387,006 | $ 583,984 |
| LIABILIT |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 FDD, Bananas Smoothies Frozen Yogurt's total liabilities in 2023 were $230,969. This figure represents the sum of current liabilities ($207,153) and long-term liabilities ($23,816).
Specifically, the current liabilities consist of accounts payable and accrued expenses ($11,405), advertising fund payable ($171,722), deferred revenue from opened stores ($13,583), and amounts due to affiliates ($10,443). Long-term liabilities are composed of deferred revenue, net of current portions, from opened stores.
Prospective franchisees should carefully examine these liabilities to understand the financial obligations of Bananas Smoothies Frozen Yogurt. Understanding the nature and extent of these liabilities can help franchisees assess the financial stability and potential risks associated with investing in the franchise. Reviewing the balance sheets for multiple years, as provided in the FDD, can also reveal trends and patterns in the company's liabilities, offering further insights into its financial management.