What was the cash amount at the beginning of the year 2021 for Mr. Sandless?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B of this franchise disclosure document contains our audited financial statements for the periods ended December 31, 2024, December 31, 2023, and December 31, 2022. Also attached are our unaudited financial statements as of February 28, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Mr. Sandless does not explicitly state the cash amount at the beginning of the year 2021. However, the FDD includes audited balance sheets as of December 31, 2022, December 31, 2023, and December 31, 2024, as well as unaudited financial statements as of February 28, 2025. These balance sheets would typically include cash and cash equivalents.
To find the cash amount at the beginning of 2021, a prospective Mr. Sandless franchisee should review the balance sheet for December 31, 2020, which is not included in the provided excerpts. This information is crucial for understanding the company's financial position at that specific time.
It is important to note that the financial statements are prepared in conformity with generally accepted accounting principles in the United States of America, and management makes estimates and assumptions that affect the reported amounts of assets and liabilities. A prospective franchisee should consult with a financial advisor to fully understand the implications of these financial statements.