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What was the total amount of cash that Chesters had in 2024?

Chesters Franchise · 2025 FDD

Answer from 2025 FDD Document

L, LLC BALANCE SHEETS DECEMBER 31, 2024 AND 2023**

2024 2023
ASSETS
CURRENT

Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)

What This Means (2025 FDD)

According to Chesters's 2025 Franchise Disclosure Document, the company's total cash in 2024 was $2,154,968. This figure represents the amount of cash Chesters had available as of December 31, 2024. Cash is considered a current asset, which also includes accounts receivable, other receivables, amounts due from related parties, inventories, and prepaid expenses.

For a prospective franchisee, understanding the franchisor's cash position can be important. A healthy cash balance suggests that Chesters has sufficient liquidity to meet its short-term obligations and invest in growth opportunities. It can also indicate the financial stability of the company, which is a crucial factor when considering a franchise investment.

However, it's important to consider this figure in the context of Chesters's overall financial health. While a substantial cash balance is generally positive, it should be evaluated alongside other financial metrics such as liabilities, equity, and revenue. A comprehensive review of Chesters's financial statements, including the balance sheets, income statements, and cash flow statements, will provide a more complete picture of the company's financial condition.

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.