What were the total assets for Chop5 Salad Kitchen as of December 31, 2023?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about CHOP5 Franchise LLC's ability to continue as a going concern for a reasonable period of time.
Source: Item 23 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, the total assets as of December 31, 2023, were $49,082. The FDD also provides the total assets for the previous year, December 31, 2022, which were $47,164.
It is important to note that these figures represent the assets of the franchise company, Chop5 Franchise LLC, and not the assets of individual franchise locations. These assets are current assets, which include cash and equivalents.
A prospective franchisee should consider these figures in the context of the overall financial health of Chop5 Salad Kitchen and its ability to support its franchisees. While this data point is useful, a franchisee should also look at liabilities, revenue, and expenses to get a full picture.