What was the total amount of other assets for Coffee News in 2022?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2024, 2023 and 2022 | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| ASSETS | ||||
| Current assets | ||||
| Cash | $ 64,135 | $ 66,796 | $ 94,422 | |
| Accounts receivable, net of reserve for current expected credit | ||||
| losses of $80,000 in 2024 and $120,000 in 2023 and 2022 | 26,049 | 38,558 | 23,979 | |
| Total current assets | 90,184 | 105,354 | 118,401 | |
| Other assets | ||||
| Investments | 84,419 | 104,477 | 102,181 | |
| Furniture and equipment, net | - | 31,865 | 38,977 | |
| Repurchased licenses | 17,500 | 17,500 | 17,500 | |
| Total other assets | 101,919 | 153,842 | 158,658 | |
| Total assets | $ 192,103 | $ 259,196 | $ 277,059 |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News' 2025 Franchise Disclosure Document, the total other assets for the company in 2022 amounted to $158,658. These assets include investments, furniture and equipment (net), and repurchased licenses.
Specifically, the investments were valued at $102,181, the net value of furniture and equipment was $38,977, and repurchased licenses were valued at $17,500 in 2022. These figures provide a snapshot of the company's financial health and resource allocation during that period.
Prospective franchisees may find this information useful for understanding the asset composition of Coffee News. Reviewing these figures in comparison to previous years can reveal trends in asset management and investment strategies, which could inform a franchisee's decision-making process.