What was the balance of member's equity for 1-800-GOT-JUNK? as of May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
1-800-GOT-JUNK? LLC Consolidated Statements of Changes in Member’s Equity (Unaudited - Expressed in United States dollars)
For the period ended May 31, 2025
Total
Member’s Retained member’s
equity earnings equity
Balance, December 31, 2023 $ $ 3,930,184 $ 3,930,185
Net loss and comprehensive loss
(182,347) (182,347)
Balance, December 31, 2024
3,747,837
3,747,838
Net income and comprehensive income
288,999 288,999
Balance, May 31, 2025 $ $ 4,036,836 $ 4,036,837
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the balance of member's equity as of May 31, 2025, was $4,036,836, while the total member's equity was $4,036,837. This figure represents the cumulative investment and earnings retained within the 1-800-GOT-JUNK? business up to that point in time. It's a snapshot of the ownership stake in the company.
Member's equity consists of two components: member's equity and retained earnings. For 1-800-GOT-JUNK?, the member's equity was $4,036,836 and the retained earnings were $4,036,837 as of May 31, 2025. Retained earnings represent the accumulated net income (or loss) of the company since its inception, less any distributions paid out to the member. The increase in retained earnings from December 31, 2024, to May 31, 2025, reflects the net income earned during that period.
Prospective franchisees should view the member's equity as an indicator of the financial health and stability of 1-800-GOT-JUNK?. A growing member's equity generally suggests that the company is profitable and effectively managing its finances. However, it's essential to consider this figure in conjunction with other financial metrics and qualitative factors, such as the brand's reputation and market position, to gain a comprehensive understanding of the franchise opportunity.