What are the primary sources from which Deck Medic's accounts receivable arise?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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End of The Year $ 125,880 $ 110,883
Deck Medic, Inc. Notes To Financial Statements December 31, 2023 and 2022
1. COMPANY AND NATURE OF OPERATIONS
Deck Medic, Inc. (the "Company") is a franchise Company that was incorporated on January 20, 2016 under the laws of the State of Illinois for the purpose of offering franchise opportunities to entrepreneurs who want to own and operate their own Deck Medic, Inc.'s operations as a franchise.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
Based on the 2024 Deck Medic Franchise Disclosure Document, the financial statements include an item for 'Accounts Receivable.' However, the excerpt does not specify the sources from which these accounts receivable are derived.
Without specific details in the provided FDD excerpts, it's difficult to determine whether these receivables come from franchisees, customers, or other entities. Understanding the nature of these receivables is crucial for prospective franchisees to assess the financial health and stability of Deck Medic.
To gain clarity, a prospective Deck Medic franchisee should ask the franchisor directly about the specific sources and nature of the accounts receivable. This inquiry should cover the types of transactions that generate these receivables, the average collection period, and any associated risks of non-payment. This information will help in evaluating the financial performance and potential risks associated with investing in a Deck Medic franchise.