What was the amount of partners' equity for Christies International Real Estate on December 31, 2023?
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 as of December 31, 2023, was $100,000. This figure is detailed in the Statements of Changes in Partners' Equity. There were no partner contributions or distributions during the year, leaving the equity unchanged from the beginning of the year.
This information is crucial for prospective franchisees as it provides a snapshot of the company's equity position. Equity represents the owners' stake in the company and can be an indicator of financial stability. A consistent equity level, as seen here, might suggest steady financial management, although further analysis of assets, liabilities, and overall financial performance is necessary to form a complete picture.
It's important to note that these figures pertain to Christie's International Real Estate Management, LLC, which provides management and support services to real estate entities. While this entity's financial health is relevant, prospective franchisees should also investigate the financial performance of the specific franchising entity, Christie's International Real Estate, LLC, to gain a comprehensive understanding of the franchise's financial standing. Reviewing the balance sheets and related financial statements will give potential franchisees insight into the financial stability of the company they are considering joining.