What was the net accounts receivable for Cool Binz as of December 31, 2024?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| Trade receivables |
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the net accounts receivable as of December 31, 2024, was $2,728. The FDD also provides figures for previous years, showing $2,338 for December 31, 2023, and $3,074 for December 31, 2022.
Additionally, the FDD lists the trade receivables, other receivables, and allowance for credit losses that contribute to the net accounts receivable calculation. For December 31, 2024, trade receivables were $2,627, other receivables were $979, and the allowance for credit losses was $878. These figures provide a more detailed breakdown of the receivables that Cool Binz held at the end of 2024.
Prospective franchisees can use this information to understand the trend and composition of Cool Binz's accounts receivable over the past three years. Analyzing these figures can help in assessing the financial health and stability of the franchise system. It's important to note that past performance does not guarantee future results, but it can offer valuable insights for making informed investment decisions.