According to Red Wagon Club's 2024 Franchise Disclosure Document, the company's balance sheet as of July 16, 2024, reports total equity of $90,000. This equity is the sum of capital contributions from David Carrier ($45,000) and RJon Robins ($45,000). The document indicates that Red Wagon Club was formed on June 27, 2024, and the balance sheet represents the company's financial position shortly after its formation.

The equity section of the balance sheet details the ownership stake in Red Wagon Club. The capital contributions from David Carrier and RJon Robins represent the initial investments made by these individuals into the company. These contributions form the basis of the company's equity, which is essentially the net worth of the business.

It's important to note that the financial statements included in the FDD have not been audited by an independent certified public accountant. This means that the figures presented have not been independently verified for accuracy. Prospective franchisees should be aware of this limitation and consider seeking their own professional financial advice to evaluate the financial health of Red Wagon Club. While unaudited statements are not uncommon for newly formed franchises, franchisees should perform due diligence and ask the franchisor for further clarification.