What was the cash and cash equivalents at the end of the year for Caring Senior Service in 2022?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
ears Ended December 31, 2024, 2023, and 2022**
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Net income (loss) | $ 419,016 | $ (174,967) | $ (464,786) |
| Adjustments to Reconcile Net Loss to Net Cash | |||
| Provided (Used) by Operating Activities: | |||
| Depreciation expense | 5,627 | 9,644 | 9,644 |
| Changes in: | |||
| Accounts receivable | (64,728) | 57,854 | 64,930 |
| Prepaid expenses | 12,560 | 47,249 | (23,911) |
| Accounts payable | (8,512) | (6,701) | 108,326 |
| Interest payable | 37,212 | - | - |
| Grab the bars fundraiser liability | - | - | (109,343) |
| Employee lease liability - related party | (5,461) | 42,588 | 19,804 |
| Accrued state franchise taxes | 5,185 | 7,203 | (1,503) |
| Deferred franchise fees | 38,244 | 40,967 | (71,868) |
| Net Cash Provided (Used) by Operating Activities | 439,143 | 23,837 | (468,707) |
| Investing Activities | |||
| Net changes in notes receivable | (51,846) | 12,000 | (10,450) |
| Net changes in loans to partner-owned entities | (116,539) | (100,000) | (52,000) |
| Net Cash Provided (Used) by Investing Activities | (168,385) | (88,000) | (62,450) |
| Financing Activities | |||
| Principal payments on long-term debt | (8,135) | (8,840) | (7,966) |
| Proceeds from related party note | - | 200,000 | - |
| Partner Distributions | - | - | (593) |
| Net Cash Provided (used) by Financing Activities | (8,135) | 191,160 | (8,559) |
| Net Increase (Decrease) in Cash and Cash Equivalents | 262,623 | 126,997 | (539,716) |
| Cash and Cash Equivalents at Beginning of Year | 257,005 | 130,008 | 669,724 |
| Cash and Cash Equivalents at End of Year | $ 519,628 | $ 257,005 | $ 130,008 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Interest paid | $ 25,687 | $ 389 | $ 1,263 |
| State franchi |
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the cash and cash equivalents at the end of the year 2022 was $130,008. This figure represents the amount of readily available funds the company had at its disposal at the close of that fiscal year. This number is derived from the company's financial statements, which have been audited by an independent auditor.
For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests financial stability and the ability to support franchisees. However, it is also important to consider how this cash balance has changed over time.
The FDD shows that Caring Senior Service's cash and cash equivalents at the end of 2024 was $519,628 and $257,005 at the end of 2023. Reviewing these figures over several years, alongside net income/loss and cash flow statements, provides a more complete picture of the company's financial health. A prospective franchisee should analyze these trends and consider them in the context of their own investment and financial projections.