What was the amount of cash paid during the year for interest by Creative World School in 2024?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
,014 (80,000) | | OPERATING ACTIVITIES | 931,619 | 950,031 | 511,442 | | CASH FLOWS FROM INVESTING ACTIVITIES | (10,400) | - | (14,664) | | Purchase of property and equipment | | | | | NET CASH USED IN | | | | | INVESTING ACTIVITIES | (10,400) | - | (14,664) |
STATEMENTS OF CASH FLOWS (CONTINUED)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Principal payments on finance lease liabilities | (2,054) | (2,031) | (2,002) |
| Distributions paid to stockholders | (253,516) | (1,176,108) | (625,999) |
| NET CASH USED IN | |||
| FINANCING ACTIVITIES | (255,570) | (1,178,139) | (628,001) |
| NET INCREASE (DECREASE) IN CASH | 665,649 | (228,108) | (131,223) |
| CASH | |||
| Beginning of year | 914,189 | 1,142,297 | 1,273,520 |
| End of year | $ 1,579,838 | $ 914,189 | $ 1,142,297 |
| SUPPLEMENTAL DISCLOSURE OF CASH | |||
| FLOW INFORMATION | |||
| Cash paid during the year for interest |
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the cash paid during the year for interest in 2024 was $36. This is a relatively small amount, suggesting that Creative World School had minimal interest expenses during that period.
For a prospective franchisee, this detail provides insight into the financial management of Creative World School. Low-interest payments could indicate effective debt management or a lack of reliance on borrowing.
It's important to note that this figure reflects only the interest paid by the franchisor, Creative World School, and not the potential financing costs a new franchisee might incur to establish their own Creative World School location. Franchisees should consider their own financing plans and associated interest expenses when projecting their potential profitability.