What were the Retained Earnings for Counselor Realty as of December 31, 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 company's retained earnings as of December 31, 2024, were $155,789. This figure represents the accumulated profits of the company after accounting for dividends or other distributions to its stockholders. Retained earnings are an important indicator of a company's financial health and its ability to reinvest in the business or distribute profits to owners.
In addition to the retained earnings, the balance sheet provides a snapshot of Counselor Realty's assets, liabilities, and equity. As of December 31, 2024, Counselor Realty had total assets of $208,248, including cash of $70,457 and certificates of deposit totaling $137,791. The company's liabilities totaled $5,150, consisting primarily of amounts due to the parent company. Total stockholder's equity was $203,098, which includes common stock, additional paid-in capital, and retained earnings.
The statement of stockholder's equity further details the changes in equity accounts over the three-year period. The net loss for 2024 was $(3,967), which reduced the retained earnings from $159,756 in 2023 to $155,789 in 2024. Prospective franchisees may want to further investigate the reasons for the net losses in 2023 and 2024 and understand Counselor Realty's plans to improve profitability.
It is important for potential franchisees to review the entire financial statement and consult with a financial advisor to understand the financial health of Counselor Realty. Understanding the franchisor's financial position can help franchisees assess the stability and potential risks associated with investing in a Counselor Realty franchise.