What was the total value of Crepe De Licious's current assets as of December 31, 2022?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | ||||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $ 131,376 | $ 97,398 | ||
| Accounts receivable (net of allowance for credit losses | ||||
| of $10,800 and $-0- as of 2023 and 2022, respectively) | 73,948 | 4 3,172 | ||
| Rebate receivable | 26,499 | 4,508 | ||
| Inventory | 19,156 | 1 6,886 | ||
| Prepaid expenses | 5,906 | 2 ,950 | ||
| Total current assets | 256,885 | 164,914 |
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2022, were valued at $164,914. This figure represents the sum of several liquid asset accounts. These accounts include cash, accounts receivable (net of allowance for credit losses), rebate receivable, inventory, and prepaid expenses.
For a prospective Crepe De Licious franchisee, understanding the composition and value of these current assets is crucial. It provides insight into the company's short-term financial health and liquidity. A higher value of current assets relative to current liabilities generally indicates a stronger ability to meet short-term obligations.
Specifically, the cash balance of $97,398 indicates the amount of readily available funds Crepe De Licious had at its disposal. Accounts receivable of $43,172 represents money owed to Crepe De Licious by its customers or franchisees, while inventory of $16,886 reflects the value of raw materials and finished goods on hand. Prepaid expenses of $2,950 are payments made in advance for goods or services, such as rent or insurance. Rebate receivable was listed at $4,508. These figures, when analyzed collectively, offer a snapshot of Crepe De Licious's financial solvency and operational efficiency as of the end of 2022.