What was the amount of common stock issued by Endless Summer Sweets?

According to Endless Summer Sweets's 2024 Franchise Disclosure Document, the company issued $2,000 in common stock. This is based on the statement of stockholder's equity for the period ended December 31, 2023. The issued stock consisted of 2,000 shares. At the end of the period from March 9 to December 31, 2023, the balance of common stock remained at $2,000, while the retained earnings showed a deficit of $15,648, resulting in a total stockholders' equity of ($13,648).

For a prospective franchisee, this indicates the initial capitalization of Endless Summer Sweets and how it was financed. The franchisor's equity structure is relatively simple, with common stock being the primary component. The initial net loss is not uncommon for a new business during its startup phase.

It's important to note that Antoinette Sanchez has 100% ownership in Endless Summer Sweets. This concentrated ownership structure could mean decisions are made quickly, but it also means a franchisee's influence on the direction of the company may be limited. A franchisee should consider the implications of this ownership structure and discuss any concerns with Endless Summer Sweets.