What was the total cash asset amount for Counselor Realty 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 cash assets in 2024 amounted to $70,457. This figure represents the cash held by Counselor Realty in financial institutions as of December 31, 2024.
In addition to cash, Counselor Realty also held certificates of deposit, which are reported separately on the balance sheet. These certificates of deposit totaled $137,791 in 2024. It is important to note that while these certificates of deposit represent a form of investment, they are not considered cash equivalents because their original maturity date is greater than three months from the date they were acquired.
For a prospective franchisee, understanding the cash position of the franchisor is crucial. It provides insight into the financial stability and liquidity of Counselor Realty. A healthy cash balance suggests that the franchisor has sufficient funds to meet its short-term obligations and invest in supporting its franchisees. However, it is also important to consider the overall asset and liability structure of the company to get a complete picture of its financial health.
It is also worth noting that the FDD includes an auditor's report, which expresses an opinion on the fairness of the financial statements. This report indicates that the financial statements of Counselor Realty fairly present its financial position in accordance with accounting principles generally accepted in the United States of America.