What was the net income (loss) 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 net income for the company in 2024 was $448,390. This figure represents the profit All County Property Management Franchise Corp. retained after deducting all expenses from its total revenues, including royalties, training, and other income. This net income is a key indicator of the company's financial performance and overall profitability for the specified year.
In addition to the net income, the FDD provides a breakdown of All County's revenues and expenses. Total revenues for 2024 amounted to $3,090,999, which includes $315,000 from sales of franchises and $2,775,999 from royalties, training, and other income. Operating expenses totaled $2,646,486, resulting in an operating income of $444,513. After accounting for other expenses, such as depreciation, and the net income from the National Advertising Fund, the final net income reached $448,390.
The FDD also includes a statement of cash flows, which provides further insight into All County's financial activities. The net income of $448,390 is a starting point for calculating the net cash provided by operating activities, which totaled $503,424 in 2024. This indicates that All County generated sufficient cash from its core business operations to cover its expenses and investments. Prospective franchisees should review these financial statements carefully to assess the financial health and stability of All County.