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What was the total amount of cash and equivalents held by Hyper Kidz in 2022?

Hyper_Kidz Franchise · 2024 FDD

Answer from 2024 FDD Document

it, significant audit findings, and certain internal control—related matters that we identified during the audit.

Ft. Collins, Colorado March 11, 2023

**BOOMERANG FRANCHISE, LLC BALANCE SHEETS AS OF DECEMBER 31, 2022 A

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)

What This Means (2024 FDD)

According to Hyper Kidz's 2024 Franchise Disclosure Document, the company's cash and equivalents totaled $7,376 as of December 31, 2022. This figure represents the amount of readily available cash and liquid assets the company had on hand at that specific point in time.

For a prospective franchisee, understanding the franchisor's cash position can offer insights into the company's financial stability and its ability to support its franchisees. A healthy cash balance suggests that Hyper Kidz has sufficient resources to meet its short-term obligations and invest in growth opportunities.

However, it's important to note that this is just one snapshot in time. Franchisees should review the complete financial statements, including the balance sheets, income statements, and cash flow statements, for a more comprehensive understanding of Hyper Kidz's financial health. Additionally, comparing these figures to previous years and industry benchmarks can provide valuable context.

Disclaimer: This information is extracted from the 2024 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.