What was the cash and restricted cash at the beginning of the year for Big Apple Bagels in 2023?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended November 30, 2024, 2023 and 2022 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| (Decrease)/Increase in Cash | 303,249 | 150,363 | (157,427) | |
| Cash and Restricted Cash, Beginning of Year | 2,034,040 | 1,883,677 | 2,041,104 | |
| Cash and Restricted Cash, End of Year | $ 2,337,289 | $ 2,034,040 | $ 1,883,677 |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the cash and restricted cash at the beginning of the year (November 30, 2023) was $1,883,677. This figure represents the total amount of liquid assets Big Apple Bagels had available at the start of their fiscal year 2023.
For a prospective franchisee, this number provides insight into the financial health and stability of Big Apple Bagels. It shows the company's capacity to meet its short-term obligations and invest in future growth. A higher cash balance generally indicates a stronger financial position.
It's important to note that this cash balance is for BAB Systems, Inc., which franchises Big Apple Bagels, My Favorite Muffin, and SweetDuet Frozen Yogurt & Gourmet Muffins. The figure doesn't represent the cash position of individual Big Apple Bagels franchise locations, but rather the overall corporate entity.