What was the total value of Pump It Up's current assets 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 held by FB Holdings, LLC and subsidiaries, including Pump It Up Holdings, LLC.
For a prospective Pump It Up franchisee, understanding the franchisor's asset values can provide insight into the company's financial health and stability. Current assets are particularly important as they reflect resources that can be readily converted into cash to meet short-term obligations. A higher value of current assets relative to current liabilities generally indicates a stronger ability to manage day-to-day expenses and unexpected financial challenges.
It's also worth noting the composition of current assets. In 2023, Pump It Up's current assets included $481,057 in cash and cash equivalents, $298,737 in accounts receivable, and $4,661 in prepaid expenses. Accounts receivable primarily consist of franchise royalty fees and receivables from franchised facilities. Monitoring these components can offer a more granular view of the franchisor's financial performance and its relationship with franchisees.
Franchisees should consider these figures in conjunction with other financial metrics and trends presented in the FDD to gain a comprehensive understanding of Pump It Up's financial position. Comparing asset values across multiple years, as presented in the table, can reveal important trends and inform investment decisions.