What was the total current assets for Pump It Up in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer 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 in 2023 were $784,455. This figure represents the sum of cash and cash equivalents, accounts receivable (net), and prepaid expenses.
Understanding the composition of current assets is crucial for prospective franchisees. Cash and cash equivalents indicate the company's immediate liquidity, while accounts receivable reflect money owed to the company, primarily from franchisees. Prepaid expenses are payments made in advance for services or goods, such as insurance or rent.
Monitoring these assets helps in assessing the short-term financial health and stability of Pump It Up. Franchisees should analyze these figures in conjunction with current liabilities to gauge the company's working capital and its ability to meet its short-term obligations. A healthy balance of current assets to current liabilities is generally a positive indicator for potential franchisees.