What was the total amount of Buona's current assets in 2023?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
any'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.
R.J. Augustine & Associates, Ltd. CERTIFIED PUBLIC ACCOUNTANTS
April 14, 2025
CHICAGO'S ORIGINAL ITALIAN BEE
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the total current assets for Buona in 2023 were $259,230. This figure represents the sum of cash assets, which amounted to $251,155, and prepaid insurance, which was valued at $8,075.
Understanding a company's current assets is crucial for prospective franchisees. Current assets are those that can be converted into cash within a year, indicating the company's short-term financial health and liquidity. A higher value of current assets suggests that Buona has sufficient resources to meet its immediate obligations and invest in growth opportunities.
For a potential Buona franchisee, this information provides insight into the financial stability of the franchisor. While this is just one aspect of financial health, it can be a useful data point when evaluating the overall strength and reliability of the franchise system. It is important to review these figures in conjunction with liabilities and equity to get a complete picture of Buona's financial standing.