What were the total assets of Gokhale Method as of 2023?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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| 2023 | |
|---|---|
| ASSETS | |
| Cash and cash equivalents Accounts receivable, net | $ 154,584 15,944 |
| TOTAL ASSETS | $ 170,528 |
| LIABILITIES AND STOCKHOLDER'S EQUITY | |
| LIABILITIES Accounts payable and other current liabilities Deferred revenue | $ 8,491 48,956 |
| Total liabilities | 57,447 |
| STOCKHOLDER'S EQUITY Common stock (1,000 voting shares authorized, 500 shares issued and outstanding, $0.01 par value) | 5 |
| Common stock (1,000 non-voting shares authorized, no shares issued and outstanding, $0.01 par value) | - |
| Additional paid in capital Retained earnings | 100,657 12,419 |
| Total stockholder's equity | 113,081 |
| TOTAL LIABILITIES & STOCKHOLDER'S EQ |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the company's total assets as of December 31, 2023, were $170,528. These assets included cash and cash equivalents of $154,584 and net accounts receivable of $15,944. The document also details the company's liabilities and stockholder's equity, providing a comprehensive view of its financial position.
For a prospective franchisee, this information is crucial for assessing the financial health and stability of Gokhale Method. Understanding the composition of the company's assets, such as the balance between cash and receivables, can offer insights into its liquidity and operational efficiency. A higher proportion of liquid assets like cash may indicate a stronger ability to meet short-term obligations.
Furthermore, the breakdown of liabilities and equity provides a clearer picture of the company's financial structure. Total liabilities were reported as $57,447, comprising accounts payable and other current liabilities of $8,491 and deferred revenue of $48,956. Stockholder's equity totaled $113,081. Analyzing these figures in relation to the total assets can help potential franchisees evaluate the company's leverage and overall financial risk.
It is important for prospective franchisees to review these financial statements carefully and possibly consult with a financial advisor to fully understand the implications. This due diligence will aid in making an informed decision about investing in a Gokhale Method franchise.