What was the total amount of credit card liabilities for Extreme Art Studio in 2000?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2000 Accounts Payable | 0.00 |
|---|---|
| Total Accounts Payable |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2024 FDD)
According to Extreme Art Studio's 2024 Franchise Disclosure Document, the total amount of credit card liabilities for the company in 2000 was $0.00. This indicates that, at the end of the year 2000, Extreme Art Studio had no outstanding debt related to credit cards.
For a prospective franchisee, this information provides insight into the company's financial management and debt obligations during its early years. A lack of credit card debt can be a sign of prudent financial practices.
However, it is important to consider this information in the context of the overall financial health and operational stage of Extreme Art Studio at that time. The absence of credit card liabilities does not necessarily guarantee financial stability or success, but it can be a positive indicator when evaluating the franchise opportunity.