What were Counselor Realty's total assets in 2023?
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 in 2023 were $212,165. This figure represents the sum of Counselor Realty's cash, certificates of deposit, and net accounts receivable for that year. Understanding a franchisor's asset position can provide insight into its financial stability.
Specifically, the balance sheet details the composition of these assets. In 2023, Counselor Realty held $80,311 in cash, $130,280 in certificates of deposit, and $1,574 in net accounts receivable. These figures are important for prospective franchisees to consider, as they reflect the resources Counselor Realty has at its disposal.
It's worth noting that the FDD also includes balance sheets for 2024, showing total assets of $208,248. By comparing these figures, potential franchisees can assess the trend in Counselor Realty's asset position over time. Analyzing these financial statements is a crucial step in evaluating the overall health and stability of the franchise system before making an investment decision.