What was the net income for the period for 1-800-GOT-JUNK? ending May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Net income and comprehensive income $ 288,999 $ 266,526
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 net income and comprehensive income for the period ending May 31, 2025, was $288,999. This is compared to $266,526 for the same period in 2024.
This net income figure is an important indicator of 1-800-GOT-JUNK?'s financial performance and overall profitability during this period. Franchisees may use this information to assess the financial health of the franchisor and its potential for future growth. It's important to note that these are unaudited figures, as indicated in the financial statement notes.
Prospective franchisees should consider this net income in conjunction with other financial data provided in the FDD, such as revenue, expenses, and cash flow statements, to gain a comprehensive understanding of 1-800-GOT-JUNK?'s financial condition. Additionally, it is advisable to consult with a financial advisor to interpret these figures and assess the potential risks and rewards of investing in a 1-800-GOT-JUNK? franchise.