What was the net increase in cash for Spray Net in 2023?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Spray-Net, Inc., which comprises the balance sheet as of December 31, 2024, 2023 and 2022 and the related statement of operations, and changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Spray-Net, Inc. as of December 31, 2024, 2023 and 2022, and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
Based on the 2025 Spray Net Franchise Disclosure Document, a precise figure for the net increase in cash for 2023 cannot be determined from the provided excerpts. While the document includes an Independent Auditor's Report and mentions that the financial statements include cash flows for the years ended December 31, 2024, 2023, and 2022, the actual statement of cash flows is not present within the provided excerpts. Therefore, the net increase in cash, which would be derived from that statement, is not available.
To obtain this information, a prospective Spray Net franchisee should directly request the Statement of Cash Flows from the franchisor. This statement would detail all cash inflows (increases) and cash outflows (decreases) for the year 2023, ultimately providing the net increase or decrease in cash. Understanding this figure is crucial for assessing the company's financial health and its ability to manage its cash resources.
Without the Statement of Cash Flows, it is impossible to assess Spray Net's cash management effectiveness or to understand the specific factors that contributed to changes in its cash position during 2023. Reviewing the complete financial statements, including the cash flow statement, is a standard practice in franchise due diligence to evaluate the financial stability and performance of the franchisor.