What was the balance of retained earnings for 1-800-GOT-JUNK? as of December 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Years ended December 31, 2024 and 2023
Total
Member’s Retained member’s
equity earnings equity
Balance, December 31, 2022 $ $ 3,856,333 $ 3,856,334
Net income and comprehensive income
73,851 73,851
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
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, 1-800-GOT-JUNK?'s balance of retained earnings as of December 31, 2024, was $3,747,837. This figure represents the accumulated profits of 1-800-GOT-JUNK? that have been retained in the business rather than distributed to its member. This is a key indicator of the company's financial health and its ability to reinvest in future growth.
The consolidated statements of changes in member's equity show the progression of retained earnings over time. The balance at December 31, 2023, was $3,930,184. During 2024, 1-800-GOT-JUNK? experienced a net loss and comprehensive loss of $182,347, which reduced the retained earnings to the $3,747,837 balance reported at the end of 2024.
It's important to note that while the retained earnings decreased in 2024 due to a net loss, the balance subsequently increased to $4,036,836 by May 31, 2025, reflecting net income of $288,999 during that period. This demonstrates the potential for fluctuations in retained earnings based on the company's profitability. Prospective franchisees should monitor these trends to assess the financial stability and performance of 1-800-GOT-JUNK?.