What were Counselor Realty's total liabilities 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 |
| 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 liabilities in 2023 were $5,100. These liabilities consisted entirely of amounts due to the parent company, Counselor Holding, Inc. This indicates that Counselor Realty had minimal debt obligations outside of its relationship with its parent entity during that year.
For a prospective franchisee, this information suggests that Counselor Realty itself operates with very low liabilities. This can be a sign of financial stability for the franchisor. However, it is important to note that this figure only reflects the liabilities of the franchising entity, Counselor Realty Franchising, Inc., and not the financial performance or obligations of individual franchisees.
It is also worth noting that the liabilities remained consistent from 2023 to 2024, with the total liabilities for 2024 also being $5,150. The amount due to the parent company remained at $5,100 in both years, with an additional $50 due to a franchisee in 2024. This consistency could indicate a stable financial relationship between Counselor Realty and its parent company.