What was the cash and cash equivalents balance at the beginning of 2024 for Pump It Up?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
quisition of Property and Equipment | | - | (68,087) | | CASH FLOWS FROM FINANCING ACTIVITIES | | | | | Payments on Due to Member | (3,000,000) | (612,681) | | | INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (630,433) | 546,336 | | | Cash and Cash Equivalents - Beginning of Year | 1,111,490 | 565,154 | | | CASH AND CASH EQUIVALENTS - END OF YEAR | $481,057 $ | 1,111,490 | |
FB HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $ 1,690,253 | $ 1,721,880 |
| Adjustments to Reconcile Net Income to Net Cash | ||
| Provided by Operating Activities: | ||
| Depreciation and Amortization | 318,055 | 317,915 |
| Change in Allowance for Doubtful Accounts | (145,660) | (8,414) |
| Noncash Lease Expense | (10,268) | 15,729 |
| Increase (Decrease) in Assets: | ||
| Accounts Receivable | 249,755 | 244,252 |
| Prepaid Expenses | (123) | (29) |
| Increase (Decrease) in Liabilities: | ||
| Accounts Payable | (1,670) | (898) |
| Accrued Expenses | (245,516) | 90,632 |
| Deferred Franchise Fees | 33,500 | (11,500) |
| Net Cash Provided by Operating Activities | 1,888,326 | 2,369,567 |
| CASH FLOWS FROM INVEST |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the cash and cash equivalents balance at the beginning of 2024 was $481,057. This figure represents the amount of readily available cash and short-term investments that Pump It Up had on hand to start the fiscal year.
This metric is an important indicator of the company's financial health and liquidity. A higher cash balance generally suggests that Pump It Up has sufficient funds to cover its immediate obligations, invest in growth opportunities, and weather potential economic downturns. Conversely, a lower cash balance might indicate tighter financial constraints.
Prospective franchisees should consider this figure in conjunction with other financial data, such as revenue, expenses, and debt levels, to gain a comprehensive understanding of Pump It Up's financial stability. It's also useful to compare this figure to previous years to identify any trends in the company's cash position. Reviewing the end of year cash and cash equivalents for 2023, which was $481,057, compared to the beginning of 2023, which was $1,111,490, shows a decrease in cash and cash equivalents during the year.