What is the total authorized number of shares for Endless Summer Sweets?

According to the 2024 Endless Summer Sweets FDD, the company has a total of 10,000 authorized shares. Of these, 2,000 shares have been issued as of December 31, 2023. The par value for each share is $1.

This information is important for prospective franchisees as it provides insight into the company's equity structure. The number of authorized shares indicates the potential for future equity issuance, which could be used for raising capital or other corporate purposes. The fact that only 2,000 shares have been issued out of the 10,000 authorized suggests that Endless Summer Sweets has the capacity to issue more shares in the future.

The equity share capital for Endless Summer Sweets is reported as $2,000 for the period ending December 31, 2023, reflecting the 2,000 issued shares at $1 par value each. Reviewing the equity structure helps potential franchisees understand the financial backing and potential ownership dilution that may occur over time. It is typical for franchisors to authorize a certain number of shares, with a portion issued to the founders or investors initially.