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As of February 28, 2025, what is the Total Other Current Assets amount for Mr. Sandless?

Mr_Sandless Franchise · 2025 FDD

Answer from 2025 FDD Document

the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Muhammad Zubairy, CPA Valley Stream, NY April 2, 2024

MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS

ASSETS
YEARS ENDED DECEMBER 31
2023 2022
Current Assets
Cash $ 50,575 $ 8,760
Accounts receivable 49,667 45,783
Inventory 8,013

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)

What This Means (2025 FDD)

The Mr. Sandless 2025 Franchise Disclosure Document does not explicitly list a line item called "Total Other Current Assets" on its balance sheet. However, the balance sheet included in the 2025 FDD does provide details on several specific current asset categories as of December 31, 2023, and December 31, 2022. These include cash, accounts receivable, inventory, prepaid expenses, and due from related party. The total current assets are listed as $172,377 as of December 31, 2023, and $148,908 as of December 31, 2022.

To determine the "Total Other Current Assets", a prospective Mr. Sandless franchisee would need to understand how the franchisor defines this category and what specific assets it includes. It is possible that "Total Other Current Assets" is a subtotal or combination of some of the listed current asset categories, or that it includes additional asset types not separately listed in this summarized balance sheet.

Therefore, it is essential for a potential Mr. Sandless franchisee to request a more detailed breakdown of the current assets from the franchisor. This would clarify the composition of the current assets and allow for a more accurate assessment of the company's financial health and working capital management. Understanding the nature and liquidity of these assets is crucial for evaluating the financial stability of Mr. Sandless.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.