What was the cash and cash equivalents at the end of the period for Face Foundrie in 2024?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
entation.
(e) Cash and Cash Equivalents
Cash equivalents include all highly liquid investments with maturities of three months or less at the date of purchase. Also included within cash equivalents are deposits in-transit from banks for payments related to thirdparty credit card and debit card transactions. As of December 31, 2024, 2023, and 2022, the Company had cash and cash equivalents of $3,480,620, $1,969,123 and $1,611,868, respectively. Of the $3,480,620 in cash and cash equivalents as of December 31, 2024, $2,326,400 has been set aside by the Company for
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the company's cash and cash equivalents at the end of 2024 totaled $3,480,620. The FDD also provides the cash and cash equivalents for the two prior years, with $1,969,123 at the end of 2023 and $1,611,868 at the end of 2022.
It is important to note that a portion of these cash and cash equivalents has been set aside for the gift card liability. Specifically, $2,326,400 of the 2024 amount was designated for this purpose. For 2023, $1,458,965 was set aside, and for 2022, $700,015 was allocated for the gift card liability. This means that while Face Foundrie has a substantial amount of cash on hand, a significant portion is already earmarked to cover outstanding gift card obligations.
For a prospective franchisee, this information is useful in assessing the financial health and stability of Face Foundrie. The increasing cash and cash equivalents over the three-year period may indicate positive growth and effective financial management. However, the franchisee should also consider the gift card liability and how it might impact the company's available funds for other operational or investment purposes. Understanding these details can help a franchisee make a more informed decision about investing in a Face Foundrie franchise.