What were Counselor Realty's total assets in 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 total assets in 2024 were $208,248. This figure is derived from the balance sheet included in the FDD, which provides a snapshot of the company's financial position as of December 31, 2024. The assets listed include cash and certificates of deposit.
In addition to the total assets, the balance sheet also details the company's liabilities and stockholder's equity. The total liabilities for 2024 amounted to $5,150, consisting of amounts due to a franchisee and the parent company. Stockholder's equity, which represents the owners' stake in the company, totaled $203,098. This includes common stock, additional paid-in capital, and retained earnings.
Prospective franchisees can use this information to assess the financial health and stability of Counselor Realty. Reviewing the balance sheet over multiple years, as provided in the FDD, can reveal trends and patterns in the company's financial performance. It's important to consider these figures in conjunction with other financial statements, such as the income statement and cash flow statement, to gain a comprehensive understanding of the company's financial situation.
It is also worth noting that the company's assets decreased from $212,165 in 2023 to $208,248 in 2024. While this decrease is relatively small, it may warrant further investigation to understand the underlying reasons. A prospective franchisee may want to discuss these figures with Counselor Realty to gain further insight.