What was the cash balance at the end of 2023 for Crisp & Green?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| BALANCE - DECEMBER 31, 2020 | $ 1,205,873 |
|---|---|
| Net Income | 1,737,797 |
| Distributions | (915,859) |
| BALANCE - DECEMBER 31, 2021 | 2,027,811 |
| Net Income | 3,881,136 |
| Distributions | (2,971,018) |
| BALANCE - DECEMBER 31, 2022 | 2,937,929 |
| Net Income | 4,444,324 |
| Distributions | (4,510,497) |
| BALANCE - DECEMBER 31, 2023 | $ 2,871,756 |
CRISP & GREEN FRANCHISING LLC STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023, 2022, AND 2021
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net Income | $ 4,444,324 | $ 3,881,136 | $ 1,737,797 |
| Adjustments to Reconcile Net Income to Net Cash | |||
| Provided by Operating Activities: | |||
| Changes in Operating Assets and Liabilities: | |||
| Accounts Receivable | 1,644,628 | (1,420,263) | (658,819) |
| Deferred Costs | 158,797 | (1,078,419) | (2,247,000) |
| Accounts Payable | 32,312 | 2,136 | - |
| Deferre |
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the cash balance at the end of 2023 was $100. The FDD also provides cash balances for the end of 2022 and 2021, which were $2,537 and $287, respectively. These figures reflect the company's cash position at the close of each fiscal year.
These cash flow figures are derived from the company's statements of cash flows, which also detail cash flows from operating, investing, and financing activities. For example, in 2023, Crisp & Green had net cash provided by operating activities of $5,517,161, advances to a related party of ($1,009,101), and member distributions of ($4,510,497). These activities contributed to a net change in cash of ($2,437) for the year.
Prospective franchisees should consider these figures in the context of the overall financial health of Crisp & Green. A low cash balance may indicate that the company is reinvesting heavily in growth or that it may be reliant on financing. Reviewing the full statements of cash flows, balance sheets, and related financial statements will provide a more complete picture of the company's financial situation.