What amount was due to franchise by Counselor Realty in 2024?
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 $50 in 2024. This figure is part of the liabilities reported on the balance sheet as of December 31, 2024. In contrast, the amount due to franchise in 2023 was $0.
This liability represents money that Counselor Realty owes to its franchisees. The balance sheet provides a snapshot of the company's financial position at a specific point in time, and this line item indicates the outstanding amount owed to franchisees as of the end of the year.
Prospective franchisees should pay attention to this figure over time to understand the financial relationship between Counselor Realty and its franchisees. A consistently high 'Due to franchise' amount could indicate potential issues with payments or reimbursements. It is important to investigate the reasons behind these amounts to ensure a clear understanding of the franchisor's financial practices.