What was the beginning of year accounts receivable for Floors To Go in 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |||
|---|---|---|---|---|
| Accounts receivable, beginning of year | $ 383,451 | $ 445,858 |
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the accounts receivable at the beginning of 2023 was $383,451. This figure represents the amount of money owed to Floors To Go by its customers or franchisees at the start of the 2023 fiscal year.
For a prospective franchisee, understanding the accounts receivable is crucial as it reflects the financial health and efficiency of Floors To Go in collecting payments. A high accounts receivable balance might indicate difficulties in collecting payments, while a lower balance suggests effective collection practices.
The FDD also provides comparative data, showing the accounts receivable at the beginning of 2022 was $445,858. This allows potential franchisees to see the year-over-year trend in accounts receivable, which can provide insights into the company's financial management and customer payment behavior. Reviewing these figures helps in assessing the stability and potential risks associated with investing in a Floors To Go franchise.