factual

What was the gross revenue for the one affiliated company store outlet of All States M.E.D. in Miami Lakes, FL during 2022?

All_States_M_E_D Franchise · 2024 FDD

Answer from 2024 FDD Document

41,861 persons around the store, during the time period January 1, 2023 – December 31, 2023.

Miami Lakes, FL 2022
Gross Revenue $832,521
Less Expense Adjustments that

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 39–42)

What This Means (2024 FDD)

According to All States M.E.D.'s 2024 Franchise Disclosure Document, the gross revenue for the one affiliated company store outlet in Miami Lakes, FL during 2022 was $832,521. This figure represents the total revenue from both online and physical outlet sales within a territory of approximately 1,494,236 people around the store.

It's important to note that this gross revenue does not reflect the costs of sales, operating expenses, or other costs that a franchisee would incur. The FDD also provides an 'Adjusted Gross Revenues' figure, which accounts for expenses like royalties and local advertising that a franchisee would typically pay. However, the question specifically asks for gross revenue before these adjustments.

All States M.E.D. emphasizes that individual results may vary, and there is no guarantee that a franchisee will achieve the same level of revenue. Prospective franchisees should conduct their own independent investigation of potential costs and expenses and are encouraged to contact current or former franchisees for additional information. The franchisor also states that written substantiation for the financial performance representation is available upon reasonable written request.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.