Up to what amount are Dermani Medspa's cash balances insured by the FDIC?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
lients with laser hair removal, skin rejuvenation, chemical peels, dermaplaning, injections, and other products.
As of December 31, 2024, there were twenty two franchise centers in operation.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The financial statements of the Company are presented using the accrual basis of accounting whereby revenue
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the company maintains its cash balances at one bank. The total amount is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.
This means that Dermani Medspa's cash deposits are protected up to $250,000 by the FDIC in the event of a bank failure. This is a standard practice to safeguard deposits in the banking system.
Prospective franchisees should be aware of this coverage as it provides a level of security for the company's cash assets. It is also important to note that the FDIC insurance limit is subject to change, so franchisees should stay informed about any updates to the coverage limits.