What was the net income for All County in 2022?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| Retained Earnings (Deficit) | 195,251 | (110,516) | 45,901 | | STOCKHOLDERS' EQUITY (DEFICIT) | 337,459 | 31,692 | 188,109 | | TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) | $ 470,860 | $ 195,181 | $ 236,144 | | | | | |
Statements of Income
For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| REVENUES | |||
| Sales of Franchises | $ 315,000 | $ 416,000 | $ 365,000 |
| Royalities, Training, & Other Income | 2,775,999 | 2,402,475 | 2,014,123 |
| Other Income | - | 2,346 | - |
| Total Revenues | 3,090,999 | 2,820,821 | 2,379,123 |
| OPERATING EXPENSES | |||
| Facilities & Office Space Support | 115,813 | 191,663 | 111,396 |
| General & Administrative Expenses | 594,010 | 593,358 | 482,846 |
| Marketing & Selling Expenses | 505,096 | 611,723 | 607,828 |
| Payroll & Related Expenses | 1,005,553 | 920,699 | 826,294 |
| Travel & Related Expenses | 426,014 | 310,958 | 218,172 |
| Total Expenses | 2,646,486 | 2,628,401 | 2,246,536 |
| OPERATING INCOME (LOSS) | 444,513 | 192,420 | 132,587 |
| OTHER INCOME (EXPENSES) | |||
| Depreciation Expense | (21,008) | (1,399) | - |
| Interest Expense - Operations | - | (1,080) | (1,432) |
| Total Other Income (Expenses) | (21,008) | (2,479) | (1,432) |
| NATIONA |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the net income for the company in 2022 was $216,956. This figure represents the profit All County Property Management Franchise Corp. retained after deducting all expenses from its total revenues during that year. This information is crucial for potential franchisees as it provides insight into the financial performance and profitability of the franchisor. A consistent history of net income indicates financial stability, which can be a positive indicator for franchisees.
Specifically, the FDD provides a detailed breakdown of All County's revenues and expenses, allowing prospective franchisees to understand the various factors contributing to the net income. For 2022, this includes revenues from franchise sales, royalties, training, and other income, offset by operating expenses such as facilities, administrative costs, marketing, payroll, and travel. The document also accounts for other income and expenses, including depreciation and interest, as well as the performance of the National Advertising Fund, to arrive at the final net income figure.
Understanding the franchisor's financial health is a critical part of the due diligence process for any potential franchisee. While a single year's net income provides a snapshot, reviewing the trend over multiple years, as presented in the FDD, offers a more comprehensive view. All County's financial statements for 2022, along with those for 2023 and 2024, allow potential franchisees to assess the company's financial trajectory and make informed decisions about investing in the franchise.
It is important for prospective franchisees to consult with financial advisors and legal professionals to fully understand the implications of All County's financial statements. This includes analyzing the sustainability of the company's revenue streams, the management of its expenses, and the overall financial stability of the franchise system. By carefully reviewing this information, potential franchisees can assess the risks and rewards associated with investing in an All County franchise.