What was the beginning of year cash balance for Mr. Sandless on January 1, 2023?

Based on the 2025 Mr. Sandless Franchise Disclosure Document, the provided financial statements include balance sheets as of December 31, 2022, December 31, 2023, and December 31, 2024. To determine the beginning of year cash balance for January 1, 2023, a prospective franchisee would need to refer to the cash balance reported on the balance sheet as of December 31, 2022, as the ending balance of 2022 would be the beginning balance for 2023.

However, the excerpt does not contain the actual cash balance figures for these dates. While the auditor's reports and notes to the financial statements are included, they do not specify the exact cash balance amounts. The notes discuss concentration of credit risk related to cash and cash equivalents, and mention that cash account balances do not exceed the FDIC limit of $250,000 as of December 31, 2023, but this does not provide the specific cash balance for January 1, 2023.

To obtain the beginning of year cash balance for Mr. Sandless on January 1, 2023, a potential franchisee should review the complete audited financial statements for the year ending December 31, 2022, included as part of Exhibit B in the FDD. If the information is not present, they should directly ask Mr. Sandless for this specific figure during their due diligence process to assess the company's financial health and stability.