What was the equity of Cr3 American Exteriors at the end of the year, December 31, 2023?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
Statements of Operations For The Two Years Ended December 31
| State: | Effective Date: |
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| California | |
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Statements of Changes in Members' Equity For The Three Years Ended December 31, 2024
| Equity at July 12, 2022 | $ - | |-------------
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to Cr3 American Exteriors' 2025 Franchise Disclosure Document, the company's equity at the end of the year on December 31, 2023, was $18,871. This figure is derived from the statement of changes in members' equity. It reflects the cumulative effect of capital contributions and net losses up to that point in time.
Specifically, the equity at the start of the year, January 1, 2023, was $4,820. During 2023, Cr3 American Exteriors received additional capital contributions of $28,589 but also incurred a net loss of $14,538. The ending equity balance of $18,871 represents the sum of the beginning equity, capital contributions, and the subtraction of the net loss for the year.
For a prospective franchisee, this equity figure provides a snapshot of the company's financial position during that period. It's important to consider this number in conjunction with other financial statements and information provided in the FDD to gain a comprehensive understanding of Cr3 American Exteriors' financial health and stability. Reviewing trends in equity over multiple years, as presented in the FDD, can offer further insights into the company's financial performance.