What was the equity contribution or distribution for Aira Fitness for the period ending December 31, 2023?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
| • | ing Equity alance | Yearly Changes | Total | |
|---|---|---|---|---|
| Beginning Balance |
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, for the period ending December 31, 2023, the equity contributions or distributions were a deduction of $35,054. This means that $35,054 was distributed out of the company's equity during that year. This is an important figure for prospective franchisees to consider as it provides insight into how the company manages its finances and returns capital to its owners.
The statement of shareholders' equity outlines the changes in the ownership value of Aira Fitness over specific periods. It begins with a beginning balance of $2,000. During the period ending December 31, 2023, Aira Fitness had a net income of $62,388. After accounting for the equity distributions, the balance on December 31, 2023, was $29,335.
Understanding these figures can help a potential franchisee assess the financial stability and profitability of Aira Fitness. It's common for franchisors to have equity distributions, but the amount can vary significantly depending on the company's financial performance and distribution policies. Reviewing these statements over several years, if available, can provide a more comprehensive understanding of the franchisor's financial trends.