What was the total assets amount for Exit in 2028?
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)
Based on Exit's 2025 Franchise Disclosure Document, there is no specific mention of the total assets for the year 2028. However, there is a table that shows the assets for the years 2022, 2023, and 2024.
The table provides a breakdown of assets, including current assets like cash and cash equivalents, short-term investments, income tax receivable, prepaid expenses, current portion of notes receivable, and due from shareholders. It also lists other assets such as advances to related parties, notes receivable (net), property and equipment (net), digital assets (net), regional rights, and deferred income tax asset related to United States taxes.
To determine Exit's total assets for 2028, a prospective franchisee should request this specific financial information from the franchisor. Reviewing several years of financial statements will allow the franchisee to understand the growth and stability of the company's assets over time.