What is the difference in total liabilities 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 |
| 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 total liabilities for the company in 2024 were $5,150, while in 2023, the total liabilities were $5,100. This indicates an increase of $50 in total liabilities from 2023 to 2024.
This increase in liabilities, though small, could be due to various factors such as an increase in the amount due to a franchise. The liabilities consist of amounts due to a franchise and the parent company. The amount due to the parent company remained consistent at $5,100 for both years, while the amount due to a franchise increased from $0 in 2023 to $50 in 2024.
For a prospective franchisee, this information provides a snapshot of Counselor Realty's financial obligations. While the liabilities are relatively low, it's important to understand the nature of these obligations and how they might impact the franchisor's financial stability and ability to support its franchisees. Monitoring these figures over time can provide insights into the financial management and potential risks associated with the franchise.