What was the cash at the end of the fiscal year for Buona in 2022?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | $ (128,116) | $ (19,123) |
| Net Loss | ||
| Adjustments to Reconcile Net Loss to Net Cash | ||
| Provided by Operating Activities: | ||
| Changes in Assets and Liabilities: | ||
| Prepaid Insurance | (77) | (7,998) |
| Accounts Payable | 3,668 | 2,524 |
| Accrued Accounts Payable | 360 | - |
| Due to Affiliate | 92,000 | 30,000 |
| Deferred Revenue | 160,500 | 62,417 |
| Deposits - Training Fees | 20,000 | 10,000 |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 148,335 | 77,820 |
| CASH FLOWS FROM INVESTING ACTIVITIES | - | - |
| CASH FLOWS FROM FINANCING ACTIVITIES | - | 25,000 |
| Members' Contributions | ||
| NET CASH PROVIDED BY FINANCING ACTIVITIES | - | 25,000 |
| NET INCREASE IN CASH | 148,335 | 102,820 |
| CASH AT BEGINNING OF FISCAL YEAR | 102,820 | - |
| CASH AT END OF THE FISCAL YEAR | $ 251,155 | $ 102,820 |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the cash at the end of the fiscal year 2022 was $102,820. This figure represents the amount of cash Buona had on hand as of the end of their fiscal year, which ended on December 31, 2022. This metric is a snapshot of the company's liquidity and ability to meet its short-term obligations at that specific point in time.
For a prospective Buona franchisee, understanding the franchisor's cash position can be important for assessing the financial health and stability of the company. A healthy cash balance suggests that Buona is managing its finances effectively and has sufficient resources to support its franchisees. It can also indicate the company's ability to invest in new initiatives, provide ongoing support, and weather unexpected economic downturns.
However, it's important to consider this figure in the context of Buona's overall financial performance and industry benchmarks. A prospective franchisee should also review Buona's balance sheets, income statements, and cash flow statements for a more comprehensive understanding of the company's financial health. Additionally, it is important to compare these figures with previous years to identify any trends or potential issues.
Ultimately, while the cash at the end of the fiscal year provides a snapshot of Buona's financial position, prospective franchisees should conduct thorough due diligence and seek professional advice to make informed decisions about investing in the franchise.