What was the cash at the end of the year for Chem Dry in the first year presented?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
er 31, 2022 - As restated | 5 | 114,238 | 1,452 | 115,695 | | Cumulative effect of change in accounting | - | - | (1,035) | (1,035) | | principle (Note 4) | | | | | | Consolidated net loss | - | - | (44,277) | (44,277) | | Balance - December 31, 2023 | $ 5 | $ 114,238 | $ (43,860) | $ 70,383 |
Consolidated Statement of Cash Flows
Years Ended December 31, 2023, 2022, and 2021
| Years Ending | | Amount | |---|---|---| | 2024 | $ | 4,377 |
December 31, 2023, 2022, and 2021 (000s omitted)
Note 1 - Nature of Business
BFG Holdco, Inc., with its wholly owned subsidiaries, Chem-Dry, Inc. (Chem-Dry); NHance, Inc. (N-Hance); Delta Disaster Services, LLC d/b/a Delta Restoration Services (DRS); Delta Development Group, LLC (DDG); and Delta Asset Management, LLC (DAM) (together with DRS and DDG, Delta) (collectively, the "Company"), is a wholly owned subsidiary of Belfor USA Group, Inc. BFG Holdco, Inc. was formerly known as HRI Holdings, Inc.
Source: Item 23 — Receipts (FDD pages 68–264)
What This Means (2024 FDD)
Based on the 2024 Chem Dry Franchise Disclosure Document, the consolidated financial statements include information from December 31, 2023, 2022, and 2021. These figures are presented with numbers in the thousands omitted.
However, the excerpt does not specify the exact amount of cash on hand at the end of the year for Chem Dry in 2021, 2022, or 2023. The provided excerpt focuses on the nature of the business, name changes, and the inclusion of NHance, Inc. in the consolidated financial statements.
A prospective Chem Dry franchisee should review the complete financial statements within the FDD to ascertain the specific cash balances for each of the years presented. This information is crucial for understanding the company's financial health and historical performance.