What was the total cash and cash equivalents for Cilantro Taco Grill at the end of 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 3
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 cash and cash equivalents at the end of 2023 was $98,177. This is a decrease from the $100,000 in cash and cash equivalents at the end of 2022.
Cash and cash equivalents are a crucial indicator of a company's liquidity and short-term financial health. For a prospective Cilantro Taco Grill franchisee, this figure provides insight into the franchisor's ability to meet its immediate obligations and invest in supporting its franchisees. A decrease in cash and cash equivalents could signal potential financial challenges for the franchisor.
It is important to note that while this figure provides a snapshot of Cilantro Taco Grill's financial position at the end of 2023, it does not reflect the company's current financial status. Prospective franchisees should review the complete financial statements and consider seeking professional financial advice to assess the franchisor's long-term financial viability and stability.