What was the cash and cash equivalents at December 31 for Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| NET INCOME (LOSS) | $( 57,665 ) | $ 130,380 |
| 2023 | 2022 | |
|---|---|---|
| BALANCE, BEGINNING OF YEAR | $ 170 , 724 | $ 42,901 |
| CAPITAL CONTRIBUTIONS | _ | |
| SHAREHOLDER DISTRIBUTIONS | ( 197) | ( 2,557) |
| NET INCOME (LOSS) | _(_57,665) | 130,380 |
| BALANCE, END OF YEAR | $ 112,862 | $ 170,724 |
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: Net income(loss) | ¢/ 57 665\ | 6 120 200 |
| Adjustments to reconcile net | $( 57,665 ) | $ 130,380 |
| income(loss) to net cash provided | ||
| (used) by operating activities: | 14,656 | 6,107 |
| Depreciation and amortization | ||
| Changes in operating assets and | 14,000 | 0,107 |
| liabilities: | ||
| Decrease in accounts receivable | 24,425 | ( 29,829) |
| Increase in prepaid expenses | ||
| Increase in prepart expenses Increase in accounts payable | ( 30,241) 3,612 | 27,972 |
| Increase in credit card payable | 3,068 | |
| Increase in insurance payable | 25,929 | 1 005 |
| Decrease in income taxes payable | ( 3,742) | 1,985 |
| Total adjustments | 37,707 | 6,235 |
| NET CASH PROVIDED (USED) BY | ||
| OPERATING ACTIVITIES | ( 19,958 ) | 136,615 |
| CASH FLOWS FROM INVESTING | ||
| ACTIVITIES: | . 0.254 | |
| Security deposit | ( 2,354 ) | ( 1,360) |
| NET CASH PROVIDED (USED) BY INVESTING | • | |
| ACTIVITIES | ( 2,354 ) | ( 1,360 ) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Advances from related party | - | 3 , 570 |
| Payments to related party | ( 77,869) | _ |
| Li |
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the cash and cash equivalents at December 31, 2023, were $259,204, and at December 31, 2022, were $256,474. This indicates a slight increase in cash and cash equivalents for Bevaris Alliance from 2022 to 2023.
Cash and cash equivalents are crucial for covering immediate obligations and short-term expenses. The increase suggests Bevaris Alliance had slightly more liquidity at the end of 2023 compared to the previous year. This could be due to various factors, such as increased revenues, better expense management, or changes in investment strategies.
Prospective franchisees should consider these figures in the context of Bevaris Alliance's overall financial health and performance. Analyzing trends in cash and cash equivalents over several years, along with other financial metrics, can provide a more comprehensive understanding of the company's financial stability and its ability to support its franchisees.