What was the total value of assets held by Moes Southwest Grill on December 31, 2023?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
audit in accordance with US GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Co
Source: Item 23 — Receipts (FDD pages 92–334)
What This Means (2025 FDD)
According to Moe's Southwest Grill's 2025 Franchise Disclosure Document, the total assets held by the company on December 31, 2023, amounted to $882,596. This figure represents the sum of all current assets, property, equipment, leasehold improvements, land, operating lease assets, goodwill, intangible assets, and long-term other assets held by Moe's Southwest Grill at that time.
Breaking down the asset composition, current assets totaled $110,454, which includes cash and cash equivalents, restricted cash, accounts receivable, inventories, prepaid expenses, advertising funds assets, and intercompany receivables from the parent company. Property, equipment, leasehold improvements, and land (net) were valued at $71,199, while operating lease assets (net) stood at $69,535. Goodwill, an intangible asset representing the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination, was valued at $122,714. Other intangible assets (net) accounted for a significant portion of the total assets, with a value of $495,389. Lastly, long-term other assets contributed $13,305 to the total.
Prospective franchisees should understand that these figures reflect the financial position of Moe's Southwest Grill as a whole and not the financial performance or position of individual franchise locations. Reviewing these figures can provide insights into the overall financial health and stability of the franchisor, which can be a factor in assessing the risk and potential of investing in a Moe's Southwest Grill franchise. However, it is essential to consult with a financial advisor to fully understand the implications of these figures and how they relate to the franchise opportunity.