What is the total value of Cinnaholic's other current 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 other current assets amount to $2,230,668.93 as of the financial statements provided. These assets consist of several components, offering insight into the financial structure of Cinnaholic.
The breakdown of other current assets includes Employee Cash Advances listed at $0.00, ERC Receivables also at $0.00, Franchise Fees Receivable at $261,000.00, and Loan to Franchisee at $1,500.00. Additionally, Prepaid Commissions are listed at $712,957.00, with Prepaid Commissions ST (short term) at $262,929.00, and Prepaid Expenses at $0.00. The Alpha Matter POS Upgrade is valued at $531,515.48, Coral Springs at $132,699.20, and Dunwoody at $353,068.24. Shareholder Loans are listed at -$25,000.00, Uncategorized Asset at $0.00 and Undeposited Funds at $0.00.
For a prospective Cinnaholic franchisee, understanding the composition of these assets is crucial. It provides a clearer picture of the company's financial health and how it manages its resources. The presence of items like 'Franchise Fees Receivable' and 'Loan to Franchisee' indicates Cinnaholic's engagement with its franchisees, while substantial 'Prepaid Commissions' and 'Prepaid Expenses' could reflect the company's investments in future growth or operational needs. The negative value for Shareholder Loans could indicate repayments or offsets against other liabilities. Reviewing these figures in detail helps potential franchisees assess the financial stability and operational strategies of Cinnaholic.