What was the cash at the beginning of the year for Christies International Real Estate in 2024?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
artners Distribution | - | | Partners' equity, December 31, 2024 | $ 100,000 |
CHRISTIE'S INTERNATIONAL REAL ESTATE MANAGEMENT, LLC STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| Cash Flows from Operating Activities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Cash received from operations, interest, and other income | $ - $ | - $ | - |
| Net Cash |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Christies International Real Estate's cash at the beginning of the year was $100,000 in 2024. The FDD also shows the cash at the beginning of the year was $100,000 in 2023 and 2022.
This figure represents the amount of cash Christies International Real Estate had on hand at the start of each of those years, which can be an indicator of the company's financial stability and liquidity. For a prospective franchisee, this information provides insight into the franchisor's financial management and how they maintain their cash reserves.
It's important to note that while this shows the franchisor's cash position, it doesn't necessarily reflect the financial performance or potential profitability of individual franchise locations. Franchisees should conduct their own due diligence and financial analysis to determine the potential return on investment for their specific circumstances.