What was the purchase of assets amount for Cr3 American Exteriors in 2023?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
The Other Receivables presented on the balance sheet include amounts due from noncustomers. During the year ending December 31, 2023, the amount due in Other Receivables related to a marketing vendor has been recognized as a reduction in advertising cost during the year ending December 31, 2023.
Notes to the Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Other Assets
The Company has an intangible a
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
I am unable to provide the amount Cr3 American Exteriors spent on asset purchases in 2023, based on the 2025 Franchise Disclosure Document. While the document includes financial statements and accounting policies, it does not specify the amount spent on asset purchases. The FDD does mention that the company has an intangible asset consisting of the trademark acquisition cost valued at $1,300.
A prospective franchisee would need to contact Cr3 American Exteriors directly to obtain information on asset purchases. This information is essential for understanding the company's financial management and investment strategies.
Understanding the franchisor's asset purchasing history can help a franchisee assess the financial stability and growth potential of the company. It would be beneficial to ask the franchisor for a detailed breakdown of asset purchases, including the types of assets acquired and the amounts spent each year.