What is the difference in total assets 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 |
| Certificates of deposit | 137,791 | 130,280 |
| Accounts receivable, net | - | 1,574 |
| Tota |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company's total assets decreased between 2023 and 2024. In 2024, Counselor Realty had total assets of $208,248, while in 2023, the total assets amounted to $212,165. This represents a decrease in total assets of $3,917 from 2023 to 2024.
Other assets listed on the balance sheets include cash and certificates of deposit. The cash holdings for Counselor Realty decreased from $80,311 in 2023 to $70,457 in 2024. Certificates of deposit increased from $130,280 in 2023 to $137,791 in 2024. Accounts receivable decreased to $0 in 2024 from $1,574 in 2023.
Prospective franchisees should consider these figures in the context of Counselor Realty's overall financial health and performance. Declining assets may indicate potential financial challenges, and it would be prudent to investigate the reasons behind this decrease. Understanding the composition and changes in assets can provide valuable insights into the company's financial stability and its ability to support its franchisees.