What was the Thrivent balance after restructure for Exit as of December 31, 2022?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, 2022 | ||||
|---|---|---|---|---|
| Available-for-sale | ||||
| Thrivent | $ 60,913 | $ 102 | $ (9,341) | $ 51,674 |
| Balance before | Debt | Balance after | ||
| Restructure | Advances | Reduction | Restructure |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the Thrivent balance after restructure as of December 31, 2022, was $51,674. This figure represents the fair value of available-for-sale Thrivent assets after accounting for debt reduction. The balance before restructure was $60,913, with gross unrealized gains of $102 and gross unrealized losses of $(9,341).
For a prospective Exit franchisee, understanding these figures provides insight into the company's asset management and financial restructuring activities. The Thrivent balance reflects a portion of Exit's investment portfolio and its valuation over time. The restructure likely involved adjustments to debt obligations, impacting the final balance reported.
It's important to note that these figures are specific to the 2022 financial year and may not be indicative of current balances or future performance. Franchisees should review the complete financial statements and consult with Exit to understand the context and implications of these balances on the company's overall financial health. Additionally, understanding the nature of 'available-for-sale' assets and their potential impact on Exit's financial stability is crucial for making informed investment decisions.