What was the total value of cash assets held by Creative World School in 2023?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
e State of Florida on August 13, 1999 for the purpose of granting franchises for the operation of combined early childhood learning and childcare facilities and creative development schools. The Company has locations in Florida, Georgia, Missouri, Ohio, Texas and Virginia.
Cash and Concentration:
The Company maintains cash balances with one bank, First Foundation Bank. The ba
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the company maintains cash balances with First Foundation Bank. These balances are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. To ensure all funds are fully insured, Creative World School uses an ICS account that transfers funds daily to other banks, keeping each account under the $250,000 FDIC limit. The document states that as of December 31, 2024, there was no amount of uninsured cash.
While the FDD confirms the measures Creative World School takes to protect its cash deposits, it does not explicitly state the total value of cash assets held by the company in 2023. The provided information focuses on the banking practices and insurance coverage of the company's cash, rather than the specific amounts held in cash.
A prospective franchisee may want to inquire directly with Creative World School about their cash asset values for 2023 to gain a clearer understanding of the company's financial position during that period. Understanding the company's cash flow and asset management practices can be crucial for making an informed investment decision.