What was the total amount of cash that Cinnaholic had on December 31, 2023?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company'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
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the company's cash balance as of December 31, 2023, was $42,590. This figure represents the total amount of cash and cash equivalents held by Cinnaholic in its accounts at accredited financial institutions on that specific date.
For a prospective franchisee, this cash balance provides a snapshot of Cinnaholic's financial health and liquidity at the end of 2023. It is important to note that this is just one point in time, and the company's cash position may have changed since then. Reviewing the trend in cash balances over several years, along with other financial metrics, can provide a more comprehensive understanding of Cinnaholic's financial stability.
It's also worth noting that Cinnaholic maintains its cash and cash equivalents with accredited financial institutions, which suggests a prudent approach to managing its funds. However, prospective franchisees should still conduct their own due diligence and consult with financial advisors to assess the overall financial health of Cinnaholic and the potential risks and rewards of investing in a franchise.