What was the total amount of member contributions to Cilantro Taco Grill in 2023?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
tal operating expenses | 36,540 | - | | Operating income (loss) | (36,540) | - | | Total other income (expense) | - | - | | Net income | $ (36,540) | $ - |
For the years ended December 31, 2023 and 2022 CTG Franchise, LLC STATEMENTS OF CHANGES IN MEMBERS' EQUITY
| BALANCE, December 21, 2022 (inception) | $ - | |-------------------
Source: Item 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, the total member contributions for the year ending December 31, 2023, amounted to $34,717. This figure reflects the additional capital or investments made by members into the company during that year. This contribution, combined with net income, affects the overall financial health of Cilantro Taco Grill.
It's important to note that while member contributions increased by $34,717 in 2023, the company also experienced a net loss of $36,540 during the same period. This resulted in a slight decrease in the overall balance, from $100,000 at the end of 2022 to $98,177 by the end of 2023.
For a prospective franchisee, this data provides insight into the financial dynamics of Cilantro Taco Grill. Monitoring member contributions and net income/losses can offer a glimpse into the financial stability and growth potential of the franchise. Understanding these financial metrics can help franchisees assess the overall health of the company and make informed decisions about their investment.