What was the cash at the end of the year for Christies International Real Estate in 2023?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
control related matters that we identified during the audit.
New York, New York March 25, 2025
CHRISTIE'S INTERNATIONAL REAL ESTATE MANAGEMENT, LLC BALANCE SHEETS DECEMBER 31, 2024, 2023 AND 2022
ASSETS
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current Assets | |||
| Cash | $ | $ | $ |
| 100,000 | 100,000 | 100,000 | |
| TOTAL |
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 cash at the end of the year in 2023 was $100,000. This figure is derived from the company's balance sheets, which are included in the FDD as part of the financial statements. The balance sheets provide a snapshot of the company's assets, liabilities, and equity at the end of each fiscal year. This specific data point reflects the amount of cash that Christies International Real Estate had on hand as of December 31, 2023.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. In this case, a consistent cash balance of $100,000 across 2022, 2023 and 2024 might indicate stable financial management. However, it's essential to consider this figure in relation to the company's overall financial performance, including revenues, expenses, and liabilities. A deeper analysis of the complete financial statements would provide a more comprehensive understanding of the franchisor's financial health.
It is also important to note that the financial statements provided are for Christie's International Real Estate Management, LLC, which provides management and support services to real estate entities. While this entity guarantees the obligations of Christie's International Real Estate, LLC, understanding the distinction between the two entities is important for assessing the financial risks and benefits for a potential franchisee. Reviewing the complete financial statements and notes, along with seeking professional financial advice, is recommended to fully evaluate the financial implications of investing in a Christies International Real Estate franchise.