table_specific

What were Chatime's total current assets in 2023?

Chatime Franchise · 2025 FDD

Answer from 2025 FDD Document

York

April 18, 2025

CHATIME FRANCHISE LLC (A Limited Liability Company) BALANCE SHEETS DECEMBER 31, 2024 AND 2023

2024 2023
ASSETS
Current assets: Cash Accounts and franchise fees receivable Prepaid commissions, current Prepaid expenses Due from member $

Source: Item 23 — Receipts (FDD pages 58–262)

What This Means (2025 FDD)

According to Chatime's 2025 Franchise Disclosure Document, the company's total current assets in 2023 were $324,229. This figure represents the sum of Chatime's liquid assets and those that can be converted into cash within a year. These assets include cash, accounts and franchise fees receivable, prepaid commissions, current prepaid expenses, and amounts due from the member.

Understanding the composition and value of current assets is crucial for prospective franchisees. It provides insight into Chatime's short-term financial health and its ability to meet its immediate obligations. A higher value of current assets compared to current liabilities generally indicates a stronger financial position.

For potential Chatime franchisees, this information is useful for assessing the financial stability of the franchisor. While this is just one aspect of the overall financial picture, it can contribute to a more informed decision about investing in a Chatime franchise. Reviewing these figures in comparison to previous years and other similar franchises can provide a more comprehensive understanding.

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.