What was the total member's equity for 1-800-GOT-JUNK? as of December 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
1-800-GOT-JUNK? LLC Consolidated Statements of Changes in Member’s Equity (Expressed in United States dollars)
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 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the total member's equity as of December 31, 2024, was $3,747,838. This figure represents the ownership stake in the company held by its members, reflecting the accumulated earnings and investments. It's a key indicator of the company's financial health and stability.
The member's equity is calculated from the balance of December 31, 2023, which was $3,930,185, less the net loss and comprehensive loss of $(182,347). This decrease in equity reflects that 1-800-GOT-JUNK? experienced a loss during the 2024 fiscal year, which reduced the overall value of the member's stake in the company.
Prospective franchisees should consider the trend in member's equity when evaluating the financial stability of 1-800-GOT-JUNK?. While a single year's loss doesn't necessarily indicate long-term problems, it warrants further investigation into the factors contributing to the loss and the company's plans for recovery and future profitability. Reviewing several years of financial statements, if available, would provide a more comprehensive understanding of the company's financial performance.