What amount was due to franchise by Counselor Realty in 2023?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash | $ 70,457 | $ 80,311 |
| Certificates of deposit | 137,791 | 130,280 |
| Accounts receivable, net | - | 1,574 |
| Total assets | $ 208,248 | $ 212,165 |
| Liabilities and Stockholder's Equity | ||
| Liabilities | ||
| Due to franchise | $ 50 | $ - |
| Due to parent company | 5,100 | 5,100 |
| Total liabilities | 5,150 | 5,100 |
| Stockholder's Equity | ||
| Common stock, $.01 par value per share | ||
| 100,000 shares authorized | ||
| 10,000 shares issued and outstanding | 100 | 100 |
| Additional paid-in capital | 47,209 | 47,209 |
| Retained earnings | 155,789 | 159,756 |
| Total stockholder's equity | 203,098 | 207,065 |
| Total liabilities and stockholder' |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the amount due to franchise was $0 in 2023. This can be found in the balance sheets as of December 31, 2024 and 2023.
This indicates that Counselor Realty did not owe any money to its franchisees during the 2023 fiscal year. This could be due to various factors, such as the timing of fee payments or the absence of any outstanding financial obligations between Counselor Realty and its franchisees during that period.
Prospective franchisees should inquire about the circumstances under which Counselor Realty might owe money to its franchisees, as well as the typical amounts and payment schedules involved. Understanding these potential financial flows can help franchisees better anticipate their own financial interactions with the franchisor.