What was the total amount of Monicals Pizza's total assets as of December 31, 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| ----------------------------------------- | ---- | ------------ | ---- | ------------ |
|---|---|---|---|---|
| ASSETS | ||||
| Cash | $ | 3,416,311 | $ | 9,525,798 |
| Short-term investments | 5,660,513 | - - | ||
| Accounts receivable | 747,232 | 575,199 | ||
| Inventories | 473,359 | 496,103 | ||
| Notes receivable | - | 1,686 | ||
| Prepaid expenses and other current assets | 198,006 | 189,037 | ||
| TOTAL CURRENT ASSETS | 10,495,421 | 10,787,823 | ||
| Property and equipment, net | 8,795,147 | 8,843,975 | ||
| Goodwill, net | 601,407 | 69,672 | ||
| Favorable royalty contract, net | 144,013 | 152,697 | ||
| Operating lease right-of-use assets, net | 5,268,530 | 5,883,091 | ||
| Finance lease right-of-use assets, net | 1,134,741 | 1,024,072 | ||
| TOTAL ASSETS | $ | 26,439,259 | $ | 26,761,330 |
| LIABILITIES | ||||
| Accounts payable | $ | 1,283,569 | $ | 1,447,323 |
| Gift cards redeemable, net | Ψ | 543,562 | Ψ | 523,466 |
| Accrued expenses and other current liabilities | 3,338,913 | 2,828,632 | ||
| Current portion of operating lease liabilities | 811,560 | 835,056 | ||
| Current portion of finance lease liabilities | 343,795 | 300,663 | ||
| TOTAL CURRENT LIABILITIES | 6,321,399 | 5,935,140 | ||
| Operating lease liabilities, less current portion | 4,553,042 | 5,130,333 | ||
| Finance lease liabilitie |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the company's total assets as of December 31, 2022, were $26,761,330. This figure represents the sum of all resources owned by Monicals Pizza, including cash, investments, accounts receivable, property, equipment, and intangible assets like goodwill and favorable royalty contracts. These assets are what the company uses to operate its business and generate revenue.
For a prospective franchisee, understanding the asset base of Monicals Pizza provides insight into the financial health and stability of the company. A substantial asset base can indicate a strong, well-established franchise system. It is important to note that while a high asset value is generally positive, it should be considered in conjunction with the company's liabilities and overall financial performance.
Reviewing the balance sheet in its entirety, including the liabilities and equity sections, will give potential franchisees a more complete picture of Monicals Pizza's financial standing. Comparing these figures year-over-year, as presented in the FDD, can also reveal trends and provide a better understanding of the company's financial trajectory. It is also advisable to consult with a financial advisor to fully interpret the financial statements and understand the implications for your investment.