What was the net income for All County in 2024?
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 company's net income for the year 2024 was $448,390. This figure represents the profit All County retained after deducting all expenses from its total revenues for that year. Net income is a key indicator of a company's profitability and financial health.
Specifically, All County's total revenues for 2024 amounted to $3,090,999, which included $315,000 from sales of franchises and $2,775,999 from royalties, training, and other income. The company's total expenses for the same period were $2,646,486. These expenses included costs related to facilities and office space support ($115,813), general and administrative expenses ($594,010), marketing and selling expenses ($505,096), payroll and related expenses ($1,005,553), and travel and related expenses ($426,014).
In addition to its operating income, All County also reported income from its National Advertising Fund. The revenues for the National Advertising Fund were $314,715, while the expenses were $(289,830), resulting in a total of $24,885 for the fund. The operating income for 2024 was $444,513, but after accounting for other expenses such as depreciation expense ($(21,008)), the net income was adjusted to $448,390.
For a prospective franchisee, this net income figure provides insight into All County's overall financial performance and stability. A consistent history of net income growth could indicate a healthy and well-managed franchise system. Reviewing these financial statements, including revenue sources and expense categories, can help potential franchisees assess the financial viability of investing in an All County franchise.