What was the net (decrease) increase in cash for Clear Pest Pros in 2022?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
84,979 | $ 130,969 |
Consolidated Statements of Operations (dollars in thousands)
| Year ended December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Net Revenue | $ 29,538 | $ 31,072 | $ 33,483 |
| Cost of Revenue | 10,816 | 9,613 | 9,055 |
| Gross Profit | 18,722 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros's 2025 Franchise Disclosure Document, the net (decrease) increase in cash for the company in 2022 was a decrease of $2,122. This means that Clear Pest Pros had less cash on hand at the end of 2022 than it did at the beginning of the year. The beginning cash for 2022 was $3,839 and the ending cash was $1,717.
This decrease in cash could be due to a number of factors, such as increased expenses, decreased revenue, or investments in assets. For a prospective franchisee, this information is useful in assessing the financial health and stability of Clear Pest Pros. A decrease in cash could indicate that the company is struggling financially, which could impact its ability to support its franchisees.
It is important to note that this is just one year's worth of data, and it is important to look at the company's financial performance over a longer period of time to get a more complete picture. The FDD also shows that Clear Pest Pros had a net (decrease) increase in cash of $(1,930) in 2024 and an increase of $2,765 in 2023. Reviewing the trend of cash flow over multiple years can provide a more insightful view of the company's financial trajectory.
A prospective franchisee should carefully review Clear Pest Pros's financial statements and ask the franchisor questions about the company's financial performance and outlook. Understanding the reasons behind fluctuations in cash flow is crucial for making an informed investment decision.