What were the total assets for Clean Your Dirty Face in 2023?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
ring the audit.
Canfield, Ohio March 17, 2025
Balance Sheets December 31, 2024 and 2023
Assets
| 2024 | 2023 | ||
|---|---|---|---|
| Current Assets | |||
| Cash and cash equivalents | $ 20,963 | $ | 23,501 |
| Investments - at fair market value | 750,000 | 1,276,253 | |
| Accounts receivable | 26,198 | 25,964 | |
| Member contributions receivable | 300,000 | - | |
| Total Current Assets | 1,097,161 | 1,325,718 | |
| Property and Equipment | |||
| Equipment | 585 | 585 | |
| Less: accumulated depreciation | (585) | (585) | |
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 company's total assets in 2023 were $1,325,718. This figure represents the sum of Clean Your Dirty Face's current assets, which include cash and cash equivalents, investments at fair market value, accounts receivable, and member contributions receivable, as well as property and equipment and overpayment of credit card.
Specifically, the current assets totaled $1,325,718 in 2023, comprising $23,501 in cash and cash equivalents, $1,276,253 in investments at fair market value, and $25,964 in accounts receivable. There were no member contributions receivable, net property and equipment, or overpayment of credit card listed in 2023.
Prospective franchisees should consider these figures in the context of Clean Your Dirty Face's overall financial health and performance. Understanding the composition of the company's assets can provide insights into its liquidity, investment strategies, and ability to meet its financial obligations. Reviewing these figures in comparison to previous years and industry benchmarks can further inform a franchisee's assessment of the franchise opportunity.