What was the total value of Mr. Sandless's inventory at the end of 2022?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
vernance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Monis Siddiqui, CPA P.C.
Bellerose, NY April 28, 2023
MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS
| ASSETS | ||
|---|---|---|
| YEARS ENDED DECEMBER 31 | ||
| 2022 | 2021 | |
| Current Assets | ||
| Cash | $ 8,760 | $ 17,509 |
| Accounts receivabl |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the company's inventory at the end of 2022 was valued at $11,865. This figure is part of the company's balance sheet, which provides a snapshot of its assets, liabilities, and equity at a specific point in time. The balance sheet also shows that Mr. Sandless had no inventory listed for 2021.
For a prospective franchisee, understanding the inventory value can be important for assessing the company's financial health and operational efficiency. Inventory typically includes the products and materials that Mr. Sandless uses to provide its services. A higher inventory value might suggest that the company is stocking up in anticipation of increased demand, while a lower value could indicate efficient inventory management or potential supply chain issues.
It is important to note that these financial statements are unaudited for the period ending February 28, 2025, and were audited for the years 2022 and 2023. Prospective franchisees should carefully review the full financial statements and consider seeking professional financial advice to fully understand the implications of these figures for their investment decision.