What was the net income for All Team for the year ended December 31, 2023?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
$ | 667,144 | $ | 787,144 |
ALL TEAM FRANCHISE CORPORATION STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | ||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ (43,528) | $ 201,944 | |
| Adjustments to reconcile net income to net cash | |||
| provided by operating activities: | |||
| Allowance for |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the net income for the year ended December 31, 2023, was $201,944. This figure represents the company's profit after all expenses and costs were subtracted from its total revenues for that year. This information is derived from the All Team Franchise Corporation Statement of Cash Flows.
For a prospective franchisee, net income is a critical indicator of All Team's financial health and profitability. A positive net income suggests that the company is operating efficiently and generating more revenue than it spends. This can be reassuring for franchisees who are considering investing in the All Team brand, as it indicates a stable and potentially successful business model.
However, it's important to consider net income in conjunction with other financial metrics and industry benchmarks. While $201,944 indicates profitability, further analysis of All Team's revenue, expenses, and cash flow statements would provide a more comprehensive understanding of its financial performance. Additionally, comparing All Team's net income to that of other franchises in the same industry can help assess its relative competitiveness and potential for growth.