What was the income (loss) from operations for Afuri Ramen Dumpling in 2021?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
| ACCUMULATED DEFICIT, end of year | $ | (14,524) | $ | (29,243) |
| 2021 2020 | 2020 | |||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATIONS | 7.7 | 100000 | ||
| Net income (loss) | $ | 14,719 | $ | (14,076) |
| Adjustments to reconcile net loss to net cash flows | ||||
| provided by operating activities | ||||
| Depreciation | 1,506 | 376 | ||
| Capital contributions | 98,000 | |||
| Changes in operating assets and liabilities: | ||||
| Accounts rec |
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the net income (loss) for 2021 was $14,719. This figure is part of the cash flow from operations section within the financial statements. In comparison, the net income (loss) for 2020 was ($14,076).
This information is crucial for potential franchisees as it provides a glimpse into the financial performance of Afuri Ramen Dumpling. Reviewing the company's past financial performance can help franchisees assess the brand's stability and growth potential. It's important to note that this figure reflects the franchisor's income, not the potential income of an individual franchise.
Prospective franchisees should consider this data in conjunction with other financial disclosures in the FDD, such as the initial investment costs, ongoing fees, and revenue figures for existing franchise locations. A comprehensive financial analysis, possibly with the assistance of a financial advisor, is recommended before making a final investment decision.