What was the cash balance at the beginning of 2022 for Mr. Sandless?
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, 2022, and 2021, 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Mr. Sandless include balance sheets as of December 31, 2022, and 2021. While the document does not explicitly state the cash balance at the beginning of 2022, it does provide the cash balance as of December 31, 2021, which would be the ending cash balance for that year and, effectively, the beginning cash balance for 2022.
To determine the cash balance for Mr. Sandless at the beginning of 2022, a prospective franchisee would need to review the balance sheet as of December 31, 2021. This information would be included within the audited financial statements.
Because the provided excerpts do not include the full balance sheets, the specific cash balance as of December 31, 2021, is not available. A potential franchisee should request the complete financial statements from Mr. Sandless to ascertain this figure and gain a clearer understanding of the company's financial position at the start of 2022.