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What was the total cash amount for Christies International Real Estate at the end of 2022?

Christies_International_Real_Estate Franchise · 2025 FDD

Answer 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 company's cash balance at the end of 2022 was $100,000. The balance sheets provided in the FDD show consistent cash holdings of $100,000 for the years 2022, 2023, and 2024. This indicates that the company maintained the same cash amount over these three years.

This information is found within the financial statements, which include balance sheets, statements of cash flow, and statements of changes in partner's equity. These statements are audited by independent auditors, who provide an opinion on the fairness of the presentation of the company's financial position. The financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.

For a prospective franchisee, this cash balance is an indicator of the financial stability of Christies International Real Estate. While a consistent cash balance can suggest stability, it's important to consider this figure in relation to the company's overall financial performance, including revenues, expenses, and liabilities. A potential franchisee should review the complete financial statements and consult with a financial advisor to assess the financial health of Christies International Real Estate.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.