What was the inventory change for Mr. Sandless in the year ended December 31, 2023?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
expenses | 1,511,123 | 1,060,753 | | Net Income (Loss) | (90,611) | 63,998 | | Members' (Deficit) - Beginning | (76,192) | (88,149) | | Members' (Distributions) | (36,253) | (52,041) | | Members' (Deficit) - Ending | $ (203,056) | $ (76,192) |
MR. SANDLESS FRANCHISE, LLC STATEMENT OF CASHFLOWS
| YEARS ENDED DECEMBER 31 | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Cash Flows from Operating Activities: |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
The 2025 FDD for Mr. Sandless does not include a specific figure for inventory change as of December 31, 2023. However, the document does provide a table showing cash flows from operating activities for the years ended December 31, 2022 and 2021. For the year ended December 31, 2022, the inventory change was a decrease of $11,865.
Because the provided FDD excerpts do not contain the inventory change for 2023, a prospective Mr. Sandless franchisee should request this information directly from the franchisor. Understanding inventory changes can be crucial for assessing the financial health and operational efficiency of Mr. Sandless.
Specifically, the franchisee should ask Mr. Sandless for the complete audited financial statements, including the statement of cash flows for the year ended December 31, 2023. This will provide a clear picture of how inventory levels impacted the company's cash flow during that period.