What were the total assets for Cilantro Taco Grill as of December 31, 2023?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
LLC as of December 31, 2023 and 2022 along with the results of its operations, in accordance with accounting principles generally accepted in the United States of America.
Troy, MI
April 28, 2024
CTG Franchise, LLC BALANCE SHEETS As of December 31, 2023 and 2022
| ASSETS | December 31, December 31, 2023 2022 |
|---|---|
| Current assets: Cash and cash equivalents Total current assets | 98,177 100,000 $ $ 98,177 100,000 |
| Total as |
Source: Item 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, the company's total assets as of December 31, 2023, were $98,177. This figure provides a snapshot of the company's financial health at that specific point in time.
For a prospective franchisee, understanding the franchisor's asset position can offer insights into the stability and resources of the company. A higher asset base may indicate a stronger ability to support franchisees and invest in the brand's growth. Conversely, lower asset levels might raise concerns about the franchisor's capacity to weather financial challenges or provide adequate support.
It's important to note that this is just one data point in assessing the overall financial condition of Cilantro Taco Grill. A potential franchisee should also review the liabilities, equity, and overall financial statements to gain a comprehensive understanding of the franchisor's financial standing. Consulting with a financial advisor is recommended to properly interpret these figures and their implications.