What were the total current assets for Cd One Price Cleaners as of December 27, 2024?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
rs, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
April 17, 2025
Cleaners Depot Franchise, LLC Balance Sheet
| December 27, 2024 | December 29, 2023 |
|---|
Source: Item 22 — Contracts (FDD page 72)
What This Means (2025 FDD)
According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the company's total current assets as of December 27, 2024, were $4,005,220. This figure represents the sum of Cd One Price Cleaners' cash, restricted cash, investments, and prepaid expenses.
For a prospective franchisee, understanding the franchisor's asset position can provide insights into the financial stability and resources of Cd One Price Cleaners. Current assets are particularly important as they reflect the company's ability to meet its short-term obligations and invest in future growth. A substantial amount of current assets suggests that Cd One Price Cleaners is well-positioned to support its franchisees and manage its day-to-day operations effectively.
In comparison, the total current assets as of December 29, 2023, were $3,209,838. The increase in total current assets from 2023 to 2024 indicates a positive financial trend for Cd One Price Cleaners. This information can be valuable for potential franchisees in assessing the financial health and growth trajectory of the franchise system.