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What were the total current assets for Cd One Price Cleaners as of December 30, 2022?

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 balance sheet provides details on its assets, liabilities, and equity. As of December 29, 2023, Cd One Price Cleaners had total current assets of $3,209,838. These assets included cash of $310,463, restricted cash of $87,660, and investments of $2,802,853, along with prepaid expenses of $8,862.

It is important to note that the fiscal year for Cd One Price Cleaners ends on the last Friday in December. The document also lists the total current assets as of December 27, 2024, for comparison, which amounted to $4,005,220. This figure includes cash, restricted cash, investments, and prepaid expenses.

For a prospective franchisee, understanding the current assets of Cd One Price Cleaners can provide insight into the company's financial health and liquidity. Current assets are those that can be converted into cash within a year, indicating the company's ability to meet its short-term obligations. Reviewing these figures over time, as presented in the balance sheets, can help assess the company's financial stability and growth trends.

While the document provides a snapshot of the company's assets and liabilities, it is essential for potential franchisees to conduct their own due diligence and seek professional financial advice to fully understand the implications of these figures. This includes analyzing the composition of the assets, the nature of the investments, and the company's overall financial performance.

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.