What was the cash and cash equivalents at the end of the period for Sonesta Simply Suites in 2023 (Restated)?
Sonesta_Simply_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net increase (decrease) in cash and cash equivalents | (24,437) | 36,262 | 48 | |
|---|---|---|---|---|
| Cash and cash equivalents at beginning of period | 37,753 | 1,491 | 1,443 | |
| Cash and cash equivalents at end of period | $ 13,316 | $ 37,753 | $ 1,491 |
Source: Item 23 — RECEIPTS (FDD pages 80–246)
What This Means (2025 FDD)
According to Sonesta Simply Suites's 2025 Franchise Disclosure Document, the cash and cash equivalents at the end of the period for 2023 (Restated) was $13,316,000. This figure represents the amount of readily available cash and cash equivalents the company had on hand at the close of the 2023 fiscal year..
For a prospective franchisee, understanding the franchisor's cash position can be crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. It can also indicate the company's capacity to invest in system-wide improvements, marketing, and franchisee support programs.
However, it is important to consider this figure in the context of Sonesta Simply Suites's overall financial performance. Reviewing trends in cash flow, net income, and other financial metrics can provide a more comprehensive understanding of the company's financial health. Potential franchisees should consult with a financial advisor to assess the implications of these figures and conduct thorough due diligence before making any investment decisions.