What were the total assets for Crisp & Green in 2021?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
ntial doubt about Crisp & Green Franchising LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
CliftonLarsonAllen LLP
Milwaukee, Wisconsin April 29, 2024
CRISP & GREEN FRANCHISING LLC BALANCE SHEETS DECEMBER 31, 2023, 2022, AND 2021
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS | $ 100 | $ 2,537 | $ 287 |
| Cash | |||
| Accounts Receivable | 519,829 | 2,164,457 | 744,194 |
| Total Current Assets | 519,929 | 2,166,994 | 744,481 |
| OTHER ASSETS Deferred Franchise Costs Due |
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the company's total assets in 2021 were $6,524,111. This figure represents the sum of all resources owned by Crisp & Green Franchising LLC at the end of the 2021 fiscal year, including cash, accounts receivable, deferred franchise costs, and amounts due from the parent company. These assets are essential for funding the company's operations, supporting its growth, and meeting its financial obligations.
For a prospective franchisee, understanding the franchisor's asset position can provide insights into its financial stability and ability to support its franchisees. A strong asset base suggests that Crisp & Green has the resources to invest in brand development, provide training and support, and navigate economic challenges. Conversely, a weaker asset position might raise concerns about the franchisor's long-term viability and its capacity to fulfill its obligations to franchisees.
It's important to note that while total assets provide a snapshot of the company's financial health, they should be evaluated in conjunction with other financial metrics, such as liabilities, equity, revenue, and expenses. A comprehensive analysis of Crisp & Green's financial statements, including the balance sheets, income statements, and cash flow statements, will provide a more complete picture of its financial performance and condition. Prospective franchisees should consult with a financial advisor to thoroughly review and interpret these financial statements before making any investment decisions.