What was the total current assets for Mr. Sandless as of December 31, 2024?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
ignificant audit findings, and certain internal control-related matters that we identified during the audit.
Muhammad Zubairy, CPA Valley Stream, NY April 1, 2025
MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS
| ASSETS | ||||
|---|---|---|---|---|
| YEARS ENDED DECEMBER 31 | 2024 | 2023 | ||
| Current Assets |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the total current assets as of December 31, 2024, were $85,714. The current assets consist of cash, accounts receivable, inventory, and due from related party.
Specifically, the balance sheet shows cash at $35,452, accounts receivable at $41,949, inventory at $8,013, and due from related party at $300. These individual components add up to the total current assets figure.
For a prospective franchisee, understanding the current asset position of Mr. Sandless is crucial for assessing the company's short-term financial health and liquidity. It provides insight into the company's ability to meet its immediate obligations and manage its working capital effectively.