What was the total amount of assets for Boulder Designs in 2023?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
ess of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Jugare, Resonaire, Boyd o Thomas . I.C.
Balance Sheets
December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash | $ 97,522 | 151 |
| Franchise fees receivable, net | 397,028 | 553,156 |
| Inventory | 143,358 | 133,159 |
| Deferred costs | 67,562 | 87,322 |
| Total current assets | 705,470 | 773,788 |
| Equipment | 183,787 | 174,927 |
| Less: accumulated depreciation | 125,062 | (99,331) |
| Equipment, net | 58,725 | 75,596 |
| Other assets: | ||
| Deferred costs, excluding current portion | 158,796 | 214,248 |
| Other receivables | 4,500 | 1,568 |
| Acquired franchise agreements, net | 563,824 | 576,824 |
| Total assets | $1,491,315 | 1,642,024 |
| Liabiliti |
Source: Item 23 — RECEIPT (FDD pages 50–217)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the company's total assets in 2023 amounted to $1,642,024. This figure represents the sum of all resources owned by Boulder Designs at the end of the 2023 fiscal year, including cash, franchise fees receivable, inventory, equipment, and other assets.
For a prospective franchisee, understanding the franchisor's asset position can provide insights into the financial stability and overall health of the company. A higher asset value generally indicates a stronger financial foundation, which can be reassuring for franchisees who are considering investing in the brand. It is important to note that while total assets provide a snapshot of the company's resources, it is essential to consider other financial metrics, such as liabilities and equity, to gain a comprehensive understanding of the company's financial position.
The FDD also shows that Boulder Designs' total assets decreased from $1,642,024 in 2023 to $1,491,315 in 2024. Monitoring these trends over time can help potential franchisees assess the company's financial performance and identify any potential risks or opportunities. Reviewing the complete financial statements and notes, possibly with the help of a financial advisor, is crucial for making an informed investment decision.