What was the total cash consideration paid by Management Recruiters
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 13,000 |
|---|---|
| Contingent consideration | 60 |
| Net working capital payable | 223 |
| Total consideration | $ 13,283 |
| Franchise relationships | $ 5,640 |
| Trade name | 2,180 |
| Royalty receivable | 575 |
| Current assets | 581 |
| Goodwill | 4,795 |
| Current liabilities assumed | (488) |
| Purchase price allocation | $ 13,283 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | 1,480,000 |
|---|---|
| Contingent consideration | 382,029 |
| Total consideration | $ 1,862,029 |
| Customer lists | $ 1,862,029 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 13,000 |
|---|---|
| Contingent consideration | 60 |
| Net working capital payable | 223 |
| Total consideration | $ 13,283 |
| Customer relationships | $ 5,640 |
| Trade name | 2,180 |
| Royalty receivable | 575 |
| Current assets | 581 |
| Goodwill | 4,795 |
| Current liabilities assumed | (488) |
| Purchase price allocation | $ 13,283 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 9,750 |
|---|---|
| Total consideration | $ 9,750 |
| Customer relationships | $ 9,750 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 1,480 |
|---|---|
| Contingent consideration | 382 |
| Total consideration | $ 1,862 |
| Customer lists | $ 1,862 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 6,707 |
|---|---|
| Net working capital payable | 336 |
| Total consideration | $ 7,043 |
| Customer lists | $ 4,000 |
| Accounts receivable | 2,668 |
| Goodwill | 375 |
| Purchase price allocation | $ 7,043 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 6,707 |
|---|---|
| Net working capital payable | 336 |
| Total consideration | $ 7,043 |
| Customer lists | $ 4,000 |
| Accounts receivable | 2,668 |
| Goodwill | 375 |
| Purchase price allocation | $ 7,043 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 9,600 |
|---|---|
| Net working capital payable | 328 |
| Note payable | 1,500 |
| Total consideration | $ 11,428 |
| Customer relationships | $ 7,700 |
| Trade name | 1,400 |
| Accounts receivable | 3,386 |
| Other current assets | 94 |
| Goodwill | 500 |
| Current liabilities assumed | (1,652) |
| Purchase price allocation | $ 11,428 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 2,100 |
|---|---|
| Note payable & net working capital payable | 362 |
| Total consideration | $ 2,462 |
| Customer relationships | $ 1,600 |
| Customer lists | 200 |
| Accounts receivable | 462 |
| Goodwill | 200 |
| Purchase price allocation | $ 2,462 |
[Item 21: FINANCIAL STATEMENTS]
| Cash consideration | $ 9,600 |
|---|---|
| Net working capital payable | 328 |
| Note payable | 1,500 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, Item 21 provides financial statement information that includes various instances of cash considerations paid. These cash considerations vary significantly, depending on the specific transaction detailed in the financial statements. For example, one instance lists a cash consideration of $13,000, while another shows $1,480,000. Other cash considerations include $9,750, $1,480, $6,707, $9,600 and $2,100. Finally, two more cash consideration amounts are listed as $3,283,196 and $3,283.
These figures represent different acquisitions or financial activities undertaken by Management Recruiters. The varying amounts suggest that Management Recruiters engages in a range of financial transactions, from smaller considerations involving a few thousand dollars to larger deals involving millions. The presence of contingent considerations, net working capital payables, and notes payable in some of these transactions indicates that Management Recruiters uses a mix of cash and other financial instruments to complete its deals.
For a prospective franchisee, this information highlights the complexity of Management Recruiters' financial dealings. While these figures don't directly relate to the costs of opening a franchise, they provide insight into the company's overall financial activity and investment strategies. Understanding the scale and nature of these transactions can give potential franchisees a broader perspective on the financial health and strategic direction of Management Recruiters.
It is important to note that these cash consideration figures are part of the overall financial statements and represent specific transactions, not necessarily the typical costs associated with running a franchise. A potential franchisee should focus on the sections of the FDD that detail the specific costs and fees they will be responsible for, such as the initial franchise fee, ongoing royalties, and other operating expenses.