What was the total assets amount for Exit in 2027?
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 provided excerpts do not contain the total assets amount for the year 2027. However, the excerpt does provide the total assets for Exit in 2024, 2023, and 2022. In 2024, the total assets were $25,069,039. In 2023, the total assets were $26,698,594. In 2022, the total assets were $26,920,286.
It is important to note that the excerpt includes a consolidated balance sheet for December 31, 2024, 2023, and 2022. This balance sheet provides a breakdown of assets, including current assets and other assets. Current assets include cash and cash equivalents, short-term investments, income tax receivable, prepaid expenses, current portion of notes receivable, and 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 asset for United States taxes.
To determine the total assets for Exit in 2027, a prospective franchisee should review the complete 2027 financial statements. This information is crucial for assessing the financial health and stability of the franchise system. A potential franchisee should ask the franchisor for the complete financial statements to gain a comprehensive understanding of the company's financial performance and position.