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What were the total current assets for Cd One Price Cleaners as of December 29, 2023?

Cd_One_Price_Cleaners Franchise · 2025 FDD

Answer 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 29, 2023, were $3,209,838. This figure represents the sum of several liquid asset categories, including cash, restricted cash, investments, and prepaid expenses. These assets are expected to be converted into cash or used up within one year.

Specifically, the current assets included $310,463 in cash, $87,660 in restricted cash, $2,802,853 in investments, and $8,862 in prepaid expenses. These figures provide a snapshot of Cd One Price Cleaners's short-term financial health and liquidity at the end of the 2023 fiscal year.

A prospective franchisee may find this information useful for assessing the financial stability of Cd One Price Cleaners. Current assets are a key indicator of the company's ability to meet its short-term obligations and invest in future growth. Reviewing these figures in comparison to previous years and industry benchmarks can offer further insights. Additionally, examining the composition of current assets (e.g., the proportion of cash versus investments) can provide a more detailed understanding of the company's financial strategy.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.