What was the total partners' equity for Christies International Real Estate in 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 total partners' equity as of December 31, 2024, was $100,000. The document also provides figures for the preceding years, with the total partners' equity being $100,000 as of December 31, 2023, and December 31, 2022. This indicates no change in the partners' equity over these three years. These figures are derived from the audited financial statements of Christie's International Real Estate Management, LLC.
Specifically, the statement of changes in partners' equity details the contributions and distributions affecting the equity balance. For each of the years 2022, 2023 and 2024, there were no partner contributions or distributions, which explains why the equity remained constant at $100,000. This stability in equity might reflect a consistent financial strategy or operational phase of the company during this period.
Potential franchisees should note that while a stable equity can indicate consistency, it's important to understand the underlying factors. Further investigation into the company's financial performance, including revenue, expenses, and cash flow, would provide a more comprehensive view of its financial health. Additionally, understanding the strategic reasons behind maintaining a constant equity level can offer insights into the company's long-term goals and risk management approach.