What was the total amount of liabilities and member's equity for Clean Your Dirty Face in 2024?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | ||
|---|---|---|---|
| Total Assets | $ 1,106,990 | ||
| Liabilities and Member's Equity | |||
| Total Liabilties and Member's Equity | $ 1,106,990 | $ | 1,325,718 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the total liabilities and member's equity for 2024 was $1,106,990. This figure represents the sum of what Clean Your Dirty Face owes to others (liabilities) and the owner's stake in the company (member's equity) at the end of the 2024 fiscal year. This value is equal to the total assets of the company, reflecting the fundamental accounting equation.
For a prospective franchisee, this number provides a snapshot of Clean Your Dirty Face's financial health and stability. A high number suggests that the company has a strong asset base and/or a significant amount of investment from its member(s). However, it's important to analyze the components of this figure, specifically the breakdown between liabilities and member's equity, to understand the company's financial risk and capital structure. A high level of liabilities could indicate higher financial risk, while a strong member's equity position suggests a solid financial foundation.
In comparison, the total liabilities and member's equity in 2023 was $1,325,718. The decrease from 2023 to 2024 could be due to a variety of factors, such as decreased liabilities, decreased member's equity, or a combination of both. Further analysis of the balance sheet and other financial statements would be needed to determine the specific drivers of this change. A potential franchisee should investigate the reasons behind this change to fully understand the financial trends within Clean Your Dirty Face.