As of April 30, 2025, what is the total value of Cinnaholic's bank accounts?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
Balance Sheet As of April 30, 2025
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the specific total value of Cinnaholic's bank accounts as of April 30, 2025, is not explicitly disclosed. While the document includes a balance sheet as of April 30, 2025, it provides a detailed breakdown of assets, liabilities, and equity, it does not list a single line item for the total value of bank accounts.
Instead, the balance sheet presents a comprehensive overview of the company's financial position, including various current and long-term assets and liabilities. For example, the liabilities section includes items such as 'Accounts Payable Accrual' ($13,282.0), 'Advertising Fund Liability' ($10,218.00), and 'Deferred revenues - ST' ($1,013,889.00). The equity section details items like 'Retained Earnings' ($ -1,506,115.4) and 'Shareholder Investment - Lullwater Partners' ($181,500.00).
A prospective franchisee would need to request clarification from Cinnaholic regarding the specific amount held in their bank accounts as of April 30, 2025, to gain a clearer understanding of the company's liquid assets. This information is crucial for assessing the company's financial health and stability.