What was the total cash amount for Christies International Real Estate at the end of 2024?
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 company's cash balance at the end of 2024 was $100,000. The FDD includes audited financial statements for the fiscal years ending December 31, 2022, December 31, 2023 and December 31, 2024. These statements include balance sheets and statements of cash flow. The cash balance has remained consistent across all three years.
Specifically, the balance sheets show cash as a current asset. For all three years (2022, 2023 and 2024), the cash amount is listed as $100,000. The statements of cash flow also reflect this, showing cash at the beginning of the year as $100,000 and cash at the end of the year as $100,000 for each of the three years. This indicates that Christies International Real Estate maintained a steady cash position during this period.
For a prospective franchisee, this information provides a snapshot of the financial stability of Christies International Real Estate. While a consistent cash balance can be seen as stable, 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 implications of this cash balance for the franchise opportunity.