What was the net increase (decrease) in cash for Christies International Real Estate in 2022?
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, Christie's International Real Estate's net increase (decrease) in cash for 2022 was reported as zero. The provided cash flow statement shows that the net cash flow from operating activities was also zero for that year.
Christie's International Real Estate's cash at the beginning of the year 2022 was $100,000, and the cash at the end of the year remained $100,000. This indicates that there was no change in the cash balance during the year.
For a prospective franchisee, this information provides a glimpse into the financial activities of the management company. However, it is essential to review the complete financial statements and consult with a financial advisor to fully understand the implications for the franchise opportunity.