factual

What were the total current assets for Face Foundrie in 2024?

Face_Foundrie Franchise · 2025 FDD

Answer from 2025 FDD Document

Restrictions on Use

The use of this report is restricted to inclusion within the Company's Franchise Disclosure Document (FDD) and is not intended to be, and should not be, used or relied upon by anyone for any other use.

St. George, Utah April 16, 2025

BALANCE SHEETS

As of December 31, 2024, 2023 and 2022

2024 2023 2022
Assets
Current assets
Cash and cash equivalents $ 3,480,620 $ 1,969,123 $ 1,611,868
Accounts

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 total current assets in 2024 were $4,663,920. This figure represents the sum of Face Foundrie's cash and cash equivalents, accounts receivable, prepaid expenses, related party note receivable, deferred contract costs, and other current assets.

For a prospective franchisee, understanding the composition and value of current assets is crucial. Current assets are those that can be converted into cash within a year, indicating the company's short-term financial health and liquidity. A substantial amount of current assets suggests that Face Foundrie is capable of meeting its immediate obligations and has resources available for ongoing operations and potential expansion.

Specifically, the major components of Face Foundrie's current assets in 2024 include cash and cash equivalents at $3,480,620 and a related party note receivable of $750,000. These figures provide insight into how Face Foundrie manages its liquid assets and inter-company financial relationships. The absence of deferred contract costs in 2024, compared to previous years, may reflect changes in how Face Foundrie structures its franchise agreements or recognizes revenue.

Reviewing these figures in the context of Face Foundrie's overall financial statements, including liabilities and equity, will give potential franchisees a more complete picture of the company's financial stability and future prospects. It's also advisable to compare these figures with industry benchmarks to assess Face Foundrie's relative financial performance.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.