What was the total partners' equity for Christies International Real Estate at the end of 2023?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
RTNERS' EQUITY | $ | $ | $ | | | 100,000 | 100,000 | 100,000 |# CHRISTIE'S INTERNATIONAL REAL ESTATE MANAGEMENT, LLC STATEMENTS OF CHANGES IN PARTNERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022
| Partners' equity, January 1, 2022 | $ 100,000 |
|---|---|
| Partners Contribution | - |
| Partners Distribution | - |
| Partners' equity, December 31, 2022 | 100,000 |
| Partner |
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 at the end of 2023 was $100,000. This figure is detailed in the Statements of Changes in Partners' Equity. The document also shows the partners' equity at the end of 2022 and 2024 was also $100,000.
Specifically, the Statements of Changes in Partners' Equity outlines the changes in the equity over the three-year period. For Christies International Real Estate, the partners' equity remained constant at $100,000 for each of the years 2022, 2023 and 2024. There were no contributions or distributions made during these years that would have altered the equity amount.
For a prospective franchisee, this indicates the financial stability and equity management of Christies International Real Estate. A consistent equity level can suggest a steady financial foundation. However, it is important to review the complete financial statements and consult with a financial advisor to fully understand the implications of these figures. Understanding the franchisor's financial health is a critical part of the due diligence process before investing in a franchise.