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What is the difference in total current assets between 2023 and 2024 for Pump It Up?

Pump_It_Up Franchise · 2025 FDD

Answer from 2025 FDD Document

and Subsidiaries' ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance 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.

CliftonLarsonAllen LLP

Phoenix, Arizona March 26, 2025

FB HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023

| | 2024 | 2023 | |------------------------------------

Source: Item 23 — RECEIPTS (FDD pages 60–225)

What This Means (2025 FDD)

According to Pump It Up's 2025 Franchise Disclosure Document, the company's total current assets decreased from 2023 to 2024. In 2023, the total current assets were $784,455, while in 2024, they were $506,987. This represents a decrease of $277,468 in total current assets from 2023 to 2024.

Total current assets are a key indicator of a company's short-term financial health. They include assets that are expected to be converted into cash within one year, such as cash, accounts receivable, and prepaid expenses. A decrease in current assets, as seen with Pump It Up, could indicate a tightening of liquidity or changes in how the company manages its short-term resources.

For a prospective franchisee, this information is crucial for assessing the financial stability of Pump It Up. Declining current assets might raise questions about the company's ability to meet its short-term obligations or invest in future growth. It would be prudent for potential franchisees to investigate the reasons behind this decrease and understand how it might affect the franchisor's support and resources available to franchisees.

It is important to note that while a decrease in current assets can be a red flag, it is essential to consider the broader financial context. A thorough analysis of the company's balance sheet, income statement, and cash flow statement, along with discussions with the franchisor, can provide a more complete picture of the company's financial health and future prospects.

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.