What was the carrying amount of Bee Organized's deposits as of December 31, 2024?

According to Bee Organized's 2025 Franchise Disclosure Document, the carrying amount of the company's deposits was $664 as of December 31, 2024. In the previous year, December 31, 2023, the carrying amount was $4,514. The FDD also notes that the bank balance was $2,889 as of December 31, 2024, and $13,425 as of December 31, 2023.

The difference between the carrying amount and the bank balance is attributed to outstanding checks and deposits in transit. The document specifies that cash and cash equivalents include demand deposits and funds invested at market rates in interest-bearing accounts. The Federal Deposit Insurance Corporation (FDIC) insures these accounts up to $250,000 per bank per account type.

For a prospective franchisee, this information provides a glimpse into Bee Organized's cash management and deposit practices. It's important to note the reconciliation between the carrying amount and the actual bank balance, which can fluctuate due to timing differences in transactions. The disclosure also confirms that Bee Organized had its demand deposit funds fully secured by the FDIC as of the end of both 2024 and 2023, which indicates a degree of financial prudence.

While this data offers some insight into Bee Organized's financials, a potential franchisee should review the complete financial statements and consult with a financial advisor to gain a comprehensive understanding of the company's financial health and stability. Understanding the franchisor's financial position is a critical part of assessing the overall risk and opportunity of investing in a Bee Organized franchise.