How did the total assets of Coffee News change from 2022 to 2023?
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 company's total assets decreased from 2022 to 2023. In 2022, Coffee News had total assets of $277,059. By 2023, this figure had fallen to $259,196. This represents a decrease of $17,863 in total assets during that one-year period.
It is important to note that while the total assets decreased, this does not necessarily indicate a negative trend for the company. A decrease in assets could be due to a variety of factors, such as increased liabilities, strategic investments, or changes in accounting practices. Prospective franchisees should review the complete financial statements and consult with a financial advisor to understand the reasons behind this change and its potential implications.
Understanding the fluctuations in Coffee News' assets can provide potential franchisees with insights into the company's financial management and overall stability. Monitoring these figures over several years can reveal trends and patterns that may be useful in assessing the financial health of the franchise system. This information, combined with other due diligence efforts, can help franchisees make informed decisions about investing in a Coffee News franchise.