What was the beginning cash balance for Mr. Sandless in 2023?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Mr. Sandless Franchise, LLC which comprises the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, and changes in members' deficit and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Mr. Sandless Franchise, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the exact beginning cash balance for Mr. Sandless in 2023 is not explicitly stated. However, the financial statements included in Item 21 contain balance sheets as of December 31, 2023, and December 31, 2022. By reviewing these balance sheets, a prospective franchisee could determine the cash balance at the end of 2022, which would be the beginning cash balance for 2023.
While the FDD includes audited balance sheets and related financial statements, it does not provide a specific figure for the beginning cash balance in 2023. Instead, it offers a snapshot of the company's financial position at the end of 2022 and 2023. This information is useful for understanding the overall financial health and performance of Mr. Sandless, but it requires further analysis to derive the specific data point requested.
To obtain the precise beginning cash balance for 2023, a potential franchisee should consider asking Mr. Sandless directly for this information. Reviewing the provided balance sheets in conjunction with additional information from the franchisor will offer a more complete financial picture.