What was the cash, end of year for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
doubt about Loyalty Business Services, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the cash balance at the end of 2022 was $264,411. This figure represents the amount of cash and cash equivalents Ledgers had on hand as of December 31, 2022. This information is derived from the Statements of Cash Flow included in the FDD.
Analyzing the cash position of a franchisor like Ledgers is crucial for potential franchisees. A healthy cash balance suggests financial stability and the ability to support franchisees. Conversely, a low or declining cash balance might raise concerns about the franchisor's ability to invest in system-wide improvements or provide adequate support to franchisees.
Prospective franchisees should also consider the trend in Ledgers' cash balance over the three years presented (2022-2024). While the cash balance was $264,411 in 2022, it decreased to $181,077 in 2023 before increasing to $424,085 in 2024. Understanding the reasons behind these fluctuations is important for assessing the overall financial health of Ledgers. Reviewing the complete financial statements and asking Ledgers for explanations regarding these changes would be a prudent step in the due diligence process.