What was the purchase of property and equipment for Creative World School in 2022?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Creative World Schools Franchising Company, Inc. (the Company), which comprise the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Creative World Schools Franchising Co., Inc., as of December 31, 2024, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
I am unable to provide the exact figure for Creative World School's purchase of property and equipment in 2022, as this specific financial data is not present within the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts do include the financial statements for December 31, 2024, 2023 and 2022, and related notes, but do not break down the specific amount spent on property and equipment purchases. The audit opinion confirms that the financial statements present fairly the financial position of Creative World Schools Franchising Co., Inc. for those years. The notes to the financial statements provide additional context regarding the company's accounting practices and nature of business.
To obtain this information, a prospective franchisee should carefully review the complete 2025 FDD, specifically looking for detailed financial statements or notes that break down capital expenditures. If the information is still not available, they should consider asking Creative World School's franchise representatives directly for the amount spent on property and equipment in 2022. This figure can be crucial for understanding the company's investment trends and financial health.
Understanding the investments made in property and equipment can help a potential franchisee assess the growth and stability of Creative World School. It's important to see how the company allocates its resources and whether it is actively investing in its infrastructure. This information, combined with other financial data, can provide a more comprehensive view of the franchise's financial performance and future prospects.