What was the total revenue for 1-800-GOT-JUNK? for the period ended May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Revenue: Royalty fees
$ 37,284,614 $ 37,530,066 Sales Centre fees 28,074,666 28,255,004 Ad Fund fees 9,334,914 9,289,262 Franchise fees 904,973 743,143 Other 218,195 49,303
75,817,362 75,866,778
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 consolidated statements of net income and comprehensive income show revenue sources for the years ended December 31, 2023 and 2022. These revenue streams include royalty fees, sales center fees, ad fund fees, franchise fees, and other sources. For the period ending December 31, 2023, the total revenue was $75,817,362, and for the period ending December 31, 2022, it was $75,866,778.
However, the document does not explicitly state the total revenue for the period ended May 31, 2025. Instead, it provides revenue details for the years ending December 31, 2023, and 2022. The document includes unaudited financial statements for the period ended May 31, 2025, but these statements do not provide a breakdown of revenue in the same format as the annual statements.
For a prospective franchisee, this means that while the FDD offers insight into the brand's revenue streams and overall financial performance, it lacks specific revenue figures for the exact period ending May 31, 2025. To obtain this information, a potential franchisee should consider asking 1-800-GOT-JUNK? directly for more detailed financial data covering the period of interest. This inquiry would help in making a more informed investment decision.
It is important to note that the FDD includes various financial statements, such as the consolidated statements of cash flows and changes in member's equity, which provide additional context regarding the company's financial health. However, these statements do not offer a direct substitute for the missing revenue figure for the period ending May 31, 2025.