What was the cash balance at the end of the year for Crisp & Green in 2021?
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 2021 was $287.
This figure represents the amount of cash Crisp & Green had on hand at the close of its fiscal year on December 31, 2021. It reflects the culmination of all cash inflows (receipts) and cash outflows (payments) during that year. This number is an important indicator of the company's short-term financial health and liquidity at that time.
For a prospective franchisee, understanding the franchisor's cash position can provide insights into its financial stability and ability to support its franchisees. While a single year's cash balance is just one data point, it can be compared to subsequent years to identify trends and assess the company's financial management over time. It's also useful to compare this figure to those of other franchise systems in the same industry to gauge Crisp & Green's relative financial strength.