What was the total current assets amount 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 recei |
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 current assets in 2023 were $1,325,718. This figure represents the sum of cash and cash equivalents, investments at fair market value, accounts receivable, and member contributions receivable.
For a prospective franchisee, understanding the franchisor's asset position is crucial. A strong current asset base suggests that Clean Your Dirty Face has sufficient liquid resources to meet its short-term obligations and invest in growth. This can provide reassurance about the stability and financial health of the franchise system.
It's worth noting that the composition of current assets can also offer insights. For example, a significant portion of investments at fair market value indicates a strategy of holding marketable securities, while a high accounts receivable balance might suggest potential challenges in collecting payments from franchisees. Reviewing these details in the context of Clean Your Dirty Face's overall financial performance is advisable for any potential franchisee.