What was the net accounts receivable for Corner Bakery Cafe in 2024?
Corner_Bakery_Cafe Franchise · 2025 FDDAnswer from 2025 FDD Document
elated matters that we identified during the audit.
Daniel P. Balley, CPA, PC
Plano, Texas April 17, 2025
Balance Sheets As of Decemer 31, 2024 and 2023
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Corner Bakery Cafe's 2025 Franchise Disclosure Document, the net accounts receivable for 2024 was $384,001. This figure represents the amount of money owed to Corner Bakery Cafe by its customers or franchisees, after deducting any allowances for doubtful accounts. This is an important indicator of the company's financial health and its ability to collect revenue.
Accounts receivable are considered current assets, meaning they are expected to be converted into cash within one year. In 2023, Corner Bakery Cafe's net accounts receivable was $302,086. The increase in net accounts receivable from 2023 to 2024 indicates that Corner Bakery Cafe was either extending more credit to its customers or franchisees, or that its sales were increasing.
A prospective franchisee should pay attention to the trend in accounts receivable, as a rapidly increasing balance could indicate potential issues with collecting payments. However, in this case, the increase appears to be a healthy sign of growth for Corner Bakery Cafe. Reviewing the complete financial statements and discussing these figures with the franchisor can provide a more comprehensive understanding of the company's financial position.