What was the value of Counselor Realty's certificates of deposit 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 value of their certificates of deposit in 2023 was $130,280. This figure is part of Counselor Realty's assets for that year, as detailed in their balance sheets. The document also notes that these certificates of deposit have an original maturity date of greater than three months from the date they were acquired, meaning they are not considered cash equivalents.
For a prospective franchisee, this information provides insight into the financial stability and asset allocation of Counselor Realty. Certificates of deposit are generally considered low-risk investments, so holding a significant amount in these indicates a conservative approach to managing the company's finances.
It is important to note that the value of certificates of deposit can fluctuate based on interest rates and market conditions. However, since these certificates are held to maturity, the value is relatively stable. This detail, along with other assets and liabilities, contributes to the overall financial health of Counselor Realty, which is a key consideration for anyone looking to invest in a franchise.