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What was the total value of Beard Papas' cash and cash equivalents in 2023?

Beard_Papas Franchise · 2025 FDD

Answer from 2025 FDD Document

rol—related matters that we identified during the audit.

February 14, 2024

Muginoho International, Inc. (A Wholly-Owned Subsidiary of Nagatanien Holdings Co., Ltd.)

Balance Sheets

December 31, 2023 and 2022

| | | 2023 | 2022

Source: Item 23 — RECEIPTS (FDD pages 58–275)

What This Means (2025 FDD)

According to Beard Papas's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $1,194,859 in 2023. This is a decrease compared to 2022, when cash and cash equivalents amounted to $1,225,836. This figure represents the total amount of liquid assets readily available to Beard Papas for operational expenses, investments, and other financial obligations.

For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees during challenging times. It also indicates the company's capacity to invest in ongoing development, marketing, and innovation, which can benefit the entire franchise system.

However, it's important to note that while a strong cash position is generally positive, franchisees should also consider other financial metrics and factors. These include the company's overall profitability, debt levels, and cash flow trends. A comprehensive analysis of Beard Papas's financial statements will provide a more complete picture of its financial health and sustainability.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.