What was the total value of Exit's current assets in 2022?
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 |
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 current assets in 2022 were $2,444,988. The FDD also lists the composition of current assets for that year.
Specifically, Exit's current assets in 2022 included cash and cash equivalents of $165,530, $621,432, short-term investments of $186,041, prepaid expenses of $116,502, and a current portion of notes receivable totaling $1,355,483. There was no income tax receivable listed in 2022.
A prospective franchisee should monitor these figures over time to understand Exit's financial health and how efficiently it manages its liquid assets. Changes in these values can indicate shifts in Exit's business operations or financial strategies.