What was the total value of current assets for Big Apple Bagels as of November 30, 2024?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
| 2024 | 2023 | |
|---|---|---|
| Current Assets | ||
| Cash, including restricted cash | $ 2,337,289 | $ 2,034,040 |
| of $159,704 in 2024 and $183,944 in 2023 | ||
| Trade accounts and notes receivable (net of allowance for | ||
| doubtful accounts of $51,103 in 2024 and $28,873 in 2023) | 51,890 | 42,785 |
| Marketing Fund contributions receivable from franchisees | 17,394 | 14,995 |
| Lease receivable | - | 5,900 |
| Prepaid expenses and other current assets | 50,673 | 60,426 |
| Total Current Assets | 2,457,246 | 2,158,146 |
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the total current assets as of November 30, 2024, were $2,457,246. This figure represents the sum of Big Apple Bagels' cash, trade accounts and notes receivable, marketing fund contributions receivable from franchisees, lease receivable, and prepaid expenses and other current assets.
Understanding the composition of current assets is crucial for prospective franchisees. Cash makes up a significant portion at $2,337,289, indicating the company's liquidity. Trade accounts and notes receivable, net of allowance for doubtful accounts, amount to $51,890, reflecting money owed to Big Apple Bagels. Marketing Fund contributions receivable from franchisees are $17,394, showing amounts due from franchisees for marketing activities. Prepaid expenses and other current assets total $50,673, covering items like insurance or rent paid in advance.
Analyzing these figures provides insight into Big Apple Bagels' short-term financial health. A high level of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations. Franchisees should compare these figures with previous years and industry benchmarks to assess the company's financial trends and stability. Reviewing the notes accompanying the balance sheets will further clarify the nature and valuation of these assets.