What was the total assets amount for Exit in 2025?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||
| Current assets | ||||||
| Cash and cash equivalents | $ - | $ - | $ 165,530 | |||
| $458,976 | respectively | 644,643 | 859,378 | 621,432 | ||
| Short-term investment | 531,970 | 189,022 | 186,041 | |||
| Income tax receivable | 220,618 | 672,410 | - | |||
| Prepaid expenses | 103,497 | 237,657 | 116,502 | |||
| Current portion - notes receivable | 1,409,859 | 1,056,201 | 1,355,483 | |||
| Due from shareholders | 278,107 | - | - | |||
| Total current assets | 3,188,694 | 3,014,668 | 2,444,988 | |||
| Other assets | ||||||
| Advances to related parties | 2,256,933 | 2,287,705 | 2,199,967 | |||
| Notes receivable (net) | 7,601,842 | 8,704,995 | 11,839,353 | |||
| Property and equipment (net) | 205,458 | 271,020 | 328,683 | |||
| Digital assets (net) | - | 943,094 | 943,094 | |||
| Regional rights | 11,049,112 | 11,049,112 | 8,679,201 | |||
| Deferred income tax asset - United States taxes | 767,000 | 428,000 | 485,000 | |||
| Total other assets | 21,880,345 | 23,683,926 | 24,475,298 | |||
| Total assets | $ 25,069,039 | $ 26,698,594 | $ 26,920,286 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the company's total assets amounted to $25,069,039. The FDD also provides asset information for 2023 and 2022, allowing prospective franchisees to review the company's financial trends over those three years.
Specifically, the 2025 total assets figure is part of a larger balance sheet presentation that includes a breakdown of current assets and other assets. Current assets include items like cash and cash equivalents, short-term investments, income tax receivable, prepaid expenses, the current portion of notes receivable, and amounts due from shareholders. Other assets include advances to related parties, notes receivable (net), property and equipment (net), digital assets (net), regional rights, and deferred income tax assets for United States taxes.
Reviewing the composition of Exit's assets can give a potential franchisee insight into the financial health and stability of the company. Significant fluctuations in asset categories from year to year could warrant further investigation to understand the underlying causes and potential implications for the franchise system. For example, a large increase in notes receivable could indicate more financing is being offered to sub-franchisors, while a decrease in cash and cash equivalents might suggest tighter liquidity.
It is important for prospective franchisees to consult with a financial advisor to fully understand the implications of Exit's balance sheet and how it relates to the overall franchise opportunity. Analyzing these figures in conjunction with other financial statements and disclosures in the FDD can provide a more comprehensive view of the company's financial position.