What was the total member's equity for Crisp & Green in 2022?
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 member's equity in 2022 was $2,937,929. This figure represents the ownership stake in the company attributable to its members, calculated as the difference between the company's assets and its liabilities. It is a key indicator of the company's financial health and stability.
For a prospective Crisp & Green franchisee, understanding the member's equity can provide insight into the financial strength of the franchisor. A higher member's equity generally suggests a more stable and well-capitalized franchisor, which can be beneficial in terms of support, resources, and overall system stability. Conversely, a lower or declining member's equity might raise concerns about the franchisor's ability to invest in the brand and support its franchisees.
It's important to note that member's equity is just one aspect of a company's financial picture. A prospective franchisee should also review Crisp & Green's balance sheets, statements of operations, and cash flows, as well as consult with a financial advisor, to gain a comprehensive understanding of the franchisor's financial condition and assess the risks and opportunities associated with investing in a Crisp & Green franchise.