table_specific

What was the total other income (expense) for Cilantro Taco Grill in 2023?

Cilantro_Taco_Grill Franchise · 2024 FDD

Answer from 2024 FDD Document

ilities | $ - $ - - - | | Total liabilities | - - | | Member's equity (deficit) | 98,177 100,000 | | Total liabilities and member's equity (deficit) | $ 98,177 $ 100,000 |

CTG Franchise, LLC STATEMENTS OF OPERATIONS For the years ended December 31, 2023 and 2022

2023 2022
Operating Revenues
Franchise fee revenue $ - $ -

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 other income (expense) for 2023 was reported as zero. This indicates that the company's income from sources other than its primary operations was offset by other expenses, resulting in a net value of zero for that category during the specified year.

For a prospective franchisee, understanding the 'other income (expense)' line is crucial as it reflects the financial stability and diversity of income streams of Cilantro Taco Grill. A consistent positive value in this category might suggest healthy financial management and potential for growth, while a negative value could raise concerns about financial risks or poor management of non-core business activities.

However, in this case, the value is zero, which could mean various things, such as the company strategically focusing on its core operations or effectively managing its additional income and expenses to balance out. It is important to note that this is just one aspect of the financial health of Cilantro Taco Grill, and prospective franchisees should consider this in conjunction with other financial metrics and trends to get a comprehensive understanding of the franchise's financial performance.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.