What is the total value of Cinnaholic's assets?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAD AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM.
Balance Sheet
As of April 30, 2025
| TOTAL | |
|---|---|
| ASSETS | |
| Current Assets | |
| Bank Accounts | |
| A/P Gift Card Acct x5633 | 8,546.48 |
| Clearing Account | 0.00 |
| NMF Checking Acct x5476 | 13,381.96 |
| Primary Business Ckg x1652 | 72,751.71 |
| Schwab Money Market x1771 (Lakeshore Advisors) | 171,722.11 |
| Total Bank Accounts | $266,402.26 |
| Accounts Receivable | |
| Accounts Receivable | -10,000.00 |
| Total Accounts Receivable | $ -10,000.00 |
| Other Current Assets | |
| Employee Cash Advances | 0.00 |
| ERC Receivables | 0.00 |
| Franchise Fees Receivable | 261,000.00 |
| Loan to Franchisee | 1,500.00 |
| Prepaid Commissions | 712,957.00 |
| Prepaid Commissions ST | 262,929.00 |
| Prepaid Expenses | 0.00 |
| Alpha Matter POS Upgrade | 531,515.48 |
| Coral Springs | 132,699.2 |
| Dunwoody | 353,068.24 |
| Total Prepaid Expenses | 1,017,282.93 |
| Shareholder Loans | -25,000.00 |
| Uncategorized Asset | 0.00 |
| Undeposited Funds | 0.00 |
| Total Other |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the company's total assets as of December 31, 2024, amounted to $2,662,016.16. These assets are broken down into several categories, including current assets and other assets. Current assets include bank accounts, accounts receivable, and other current assets. Other assets include accounts receivable accrual, inter-company receivable, and notes receivable.
Specifically, the current assets are comprised of various bank accounts totaling $266,402.26, which includes accounts like the A/P Gift Card Acct x5633 ($8,546.48), NMF Checking Acct x5476 ($13,381.96), Primary Business Ckg x1652 ($72,751.71), and Schwab Money Market x1771 ($171,722.11). Accounts receivable shows a deficit of $10,000.00. Other current assets total $2,230,668.93 and include items like franchise fees receivable ($261,000.00), loan to franchisee ($1,500.00), prepaid commissions ($712,957.00), prepaid commissions ST ($262,929.00), Alpha Matter POS Upgrade ($531,515.48), Coral Springs ($132,699.2), and Dunwoody ($353,068.24).
Other assets for Cinnaholic total $174,944.97, consisting of accounts receivable accrual ($174,944.79) and notes receivable ($0.18). Understanding the composition of these assets is crucial for potential franchisees as it provides insight into the financial health and liquidity of Cinnaholic. Reviewing these figures in detail can help franchisees assess the stability and potential risks associated with investing in a Cinnaholic franchise.
It is important to note that these figures represent a snapshot in time and may not be indicative of future performance. Prospective franchisees should conduct their own due diligence and consult with financial advisors to fully understand the financial implications of investing in a Cinnaholic franchise.