What was the total partners' equity 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 total partners' equity for the years 2022, 2023, and 2024 was $100,000. There were no partner contributions or distributions during these years, so the equity remained constant.
For a prospective franchisee, this indicates the capital structure of the company that manages and supports the real estate entities under the Christies International Real Estate brand. The consistent equity figure suggests stability in the company's ownership and capital accounts during the audited period.
However, it is important to note that this equity figure pertains to Christie's International Real Estate Management, LLC, which provides management and support services, and not necessarily the financial performance of individual franchise locations. Franchisees should consider this information in conjunction with other financial disclosures and performance data to assess the overall financial health and potential of the franchise system.