What was the cash at the beginning of the period for Chocolate Bash in 2022?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
D DECEMBER 31, 2023 & DECEMBER 31, 2022 & DECEMBER 31, 2021
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $ 15,483 | $ 28,687 | $ 38,808 |
| Non-Cash Adjustments | |||
| Changes in Deferred Revenue | 24,896 | (23,021) | 22,000 |
| Changes in Due From Affiliate | (35,956) | - | 1,250 |
| Changes in Accounts Receivable | 19,041 | (21,194) | - |
| NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES | 23,464 | (15,528) | 62,058 |
| INVESTING ACTIVITIES | |||
| NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES | - | - | - |
| FINANCING ACTIVITIES | |||
| Owner's Contribution (net) | (61,122) | (30,100) | 17,940 |
| NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES | (61,122) | (30,100) | 17,940 |
| NET INCREASE (DECREASE) IN CASH | (37,658) | (45,628) | 79,998 |
| CASH AT BEGINNING OF PERIOD | 59,295 | 104,922 | 24,924 |
| CASH AT |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the cash at the beginning of the period in 2022 was $104,922. This figure is derived from the Statement of Cash Flows, which outlines the changes in cash and cash equivalents for the years ending December 31, 2023, 2022, and 2021.
This number represents the amount of liquid assets Chocolate Bash had available at the start of the 2022 fiscal year to fund its operations, investments, and other business activities. It is important to note that this cash balance reflects the franchisor's financial position and not necessarily the financial standing of individual franchisees.
Prospective franchisees should consider this figure in the context of Chocolate Bash's overall financial health and performance. A strong beginning cash balance can indicate financial stability and the ability to support franchisees. However, it is essential to review the entire financial statement, including revenues, expenses, and liabilities, to gain a comprehensive understanding of the company's financial situation.