What was the cash and cash equivalents amount at the beginning of 2023 for Monicals Pizza?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 567,138 | (6,109,487) |
| Cash and cash equivalents at beginning of year | 3,416,311 | 9,525,798 |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | $ 3,983,449 | $ 3,416,311 |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the cash and cash equivalents at the beginning of 2023 was $9,525,798. This figure represents the amount of readily available funds Monicals Pizza had at the start of the year, which includes cash on hand and short-term investments that can be easily converted to cash.
For a prospective franchisee, understanding the franchisor's cash position is crucial. A strong cash balance indicates financial stability and the ability to support franchisees. It can also reflect the overall health and profitability of the Monicals Pizza system.
However, it is important to note that this is just one snapshot in time. The cash position can fluctuate throughout the year due to various factors such as investments, capital expenditures, and operating cash flows. Therefore, a prospective franchisee should also review the statements of cash flows to understand how Monicals Pizza generates and uses cash. Reviewing multiple years provides a more complete picture of the financial trends.