What was the amount of partners' equity for Christies International Real Estate on December 31, 2022?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
RTNERS' EQUITY | $ | $ | $ | | | 100,000 | 100,000 | 100,000 |# CHRISTIE'S INTERNATIONAL REAL ESTATE MANAGEMENT, LLC STATEMENTS OF CHANGES IN PARTNERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| Partners' equity, January 1, 2022 | $ 100,000 |
|---|---|
| Partners Contribution | - |
| Partners Distribution | - |
| Partners' equity, December 31, 2022 | 100,000 |
| Partner |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the partners' equity on December 31, 2022, was $100,000. The document also shows that the partners made no contributions or distributions during the year. The partners' equity remained consistent at $100,000 on December 31, 2023, and December 31, 2024, with no contributions or distributions made in those years either.
This information is taken from the Statements of Changes in Partners' Equity, which is a standard financial statement included in franchise disclosure documents. It provides a summary of the changes in the equity or ownership stake in the company over the past three fiscal years. Equity can be affected by contributions from partners, distributions to partners, and net income or loss.
For a prospective Christies International Real Estate franchisee, this indicates the financial stability and equity management of the company. The consistent equity balance suggests a stable financial structure, at least over the period covered by the statement. However, it is important to review the complete financial statements, including the balance sheets, income statements, and cash flow statements, along with the accompanying notes, to gain a comprehensive understanding of the company's financial health and performance. A potential franchisee should also consider this information in conjunction with other factors, such as the brand's market position, growth strategy, and the terms of the franchise agreement, before making an investment decision.