What was the amount of member's distributions for C3 Wellness Spa as of December 31, 2023?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Professional and legal | 35,665 | | 1,367 | | Advertising and marketing | 800 | | 3,497 | | Total Operating Expenses | 20.405 | | 12,875 | | Net Income/ (Loss) | 36,465 $ (27,465) | $ | 17,739 (17,739) |
| Members' Equity At December 1, 2021 | $ | |
|---|---|---|
| Member's contributions | - | 17,739 |
| Net income / (loss) | ||
| Members' Equity At December 31, 2 |
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, as of December 31, 2023, the member's distributions amounted to $50,580. This figure reflects the distributions made to members from the company's equity during the specified period. It's important to note that this is a specific data point related to the company's financial activities.
Additionally, the document indicates that the members' equity at December 31, 2023, was $3,115. This suggests that while distributions were made, the overall equity position of the members was significantly lower at the end of the year. The member's contributions during this period were listed as $(27,465).
Prospective franchisees should consider these figures in the context of the overall financial health and performance of C3 Wellness Spa. Understanding the trends in member contributions, distributions, and equity can provide valuable insights into the financial management and stability of the franchise system. It is advisable to review the complete financial statements and consult with a financial advisor to fully assess the implications of these figures.