As of December 31, 2024, what was the cash balance in Cinnaholic's account?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
y's franchise arrangements generally include a license which provides for payments of initial fees as well as continuing royalties to the Company based upon a percentage of sales. Under this arrangement, franchisees are granted the right to operate a Cinnaholic bakery for
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the cash balance in the company's account as of December 31, 2024, was $54,178. Cinnaholic maintains its cash and cash equivalents with accredited financial institutions.
This figure represents the total amount of readily available cash Cinnaholic had at the end of the year. It is an important indicator of the company's financial health and its ability to meet short-term obligations. A higher cash balance generally indicates greater financial stability.
Prospective franchisees should consider this cash balance in relation to Cinnaholic's other assets and liabilities, as detailed in the financial statements. Reviewing the trend in cash balances over several years can also provide insights into the company's financial performance and cash management practices. It is also important to note that financial instruments primarily consist of cash and cash equivalents.