What was the total value of Exit's short-term investments in 2024?
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 value of their short-term investments in 2024 was $531,970. This figure is part of the company's assets, specifically listed under current assets in the balance sheets.
For a prospective franchisee, understanding the short-term investments of a franchisor like Exit is crucial as it reflects the company's liquidity and ability to meet its short-term obligations. Higher short-term investments can indicate a stronger financial position, suggesting that Exit has readily available funds to cover immediate liabilities or to invest in growth opportunities.
It's also worth noting the trend in Exit's short-term investments over the years. The FDD shows the value of short-term investments in 2023 was $189,022 and in 2022 it was $186,041. The increase in 2024 could be a positive sign, but a franchisee should investigate the reasons behind this increase to ensure it aligns with the overall financial health and strategy of the company.