What was the total members' equity 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 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 Bananas Smoothies Frozen Yogurt's 2025 Franchise Disclosure Document, the total members' equity for the company in 2024 was $116,716. This figure represents the ownership stake of the members in the company at the end of the fiscal year, which concluded on December 29, 2024. The members' equity is calculated by subtracting total liabilities from total assets. In 2024, the total assets were $387,006 and the total liabilities were $270,290, resulting in the members' equity of $116,716.
It's important to note that this number reflects the financial position of Everything Yogurt Brands, LLC, the parent company that franchises Bananas Smoothies Frozen Yogurt, and not necessarily the financial performance of individual franchise locations. The members' equity can be influenced by factors such as net income, distributions to members, and other comprehensive income or losses. For Bananas Smoothies Frozen Yogurt, the members' equity at the beginning of 2024 was $353,015. During the year, the company had a net income of $258,701 but also made distributions of $495,000, leading to the ending members' equity of $116,716.
A prospective franchisee should consider the parent company's financial stability, as reflected in its balance sheet and equity, as an indicator of the franchisor's ability to support its franchisees. While a higher members' equity generally indicates a stronger financial position, it is essential to review the trends in equity over multiple years, alongside other financial metrics, to gain a comprehensive understanding. Reviewing the independent auditor's report and the notes to the financial statements can provide additional insights into the company's financial health and accounting practices. Understanding the franchisor's financial position can help a franchisee assess the long-term viability and support they can expect from Bananas Smoothies Frozen Yogurt.