What is the difference in certificates of deposit between 2023 and 2024 for Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Cash | $ 70,457 | $ 80,311 |
| Certificate |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the value of certificates of deposit can be found on the balance sheets. As of December 31, 2024, Counselor Realty held $137,791 in certificates of deposit, while on December 31, 2023, the company held $130,280 in certificates of deposit. This represents an increase of $7,511 in certificates of deposit from 2023 to 2024.
Certificates of deposit are considered assets of Counselor Realty. The company has two certificates of deposit with an original maturity date of greater than three months from the date they were acquired, hence they are not considered cash equivalents.
Prospective franchisees should note that these figures reflect the financial status of the franchisor, Counselor Realty Franchising, Inc., and not the financial performance of individual franchise locations. Reviewing the franchisor's financial statements helps potential franchisees assess the financial stability of the company they are considering joining.