What were Counselor Realty's total liabilities 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 liabilities in 2024 were $5,150. This figure is comprised of two specific liabilities: $50 due to franchisees and $5,100 due to the parent company.
For a prospective franchisee, understanding the liabilities of the franchisor can provide insight into the financial stability and obligations of the company. A low liability figure, such as the one reported by Counselor Realty, could be seen as a positive indicator of financial health.
However, it is important to consider this figure in the context of the company's overall financial situation, including its assets, revenues, and expenses. Reviewing the complete financial statements, including the balance sheets and income statements, will give a more comprehensive understanding of Counselor Realty's financial standing. Additionally, it is advisable to compare these figures with those of other similar franchise systems to benchmark Counselor Realty's financial performance.