What was the average cost of goods sold (COGS) for Amorino stores in 2023?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
Other (fees, etc.), Interest, Depreciation and Amort., Net income, and EBITDA.**
| 2023 P&L | Average | % | No. of Stores Median | ||
|---|---|---|---|---|---|
| Category | $ | Above/Below | $ | % | |
| Net | $1,080,683 | 9/16 | $654,324 | ||
| Revenues | |||||
| COGS | $345, 170 | 31.9% | 10/16 | $208,165 | 31.8% |
| Average | $735, |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 68–73)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, the average cost of goods sold (COGS) for Amorino stores in 2023 was $345,170, representing 31.9% of net revenues. The median COGS for stores was $208,165, which was 31.8% of net revenues. These figures are based on data from established stores that had been open and operating for at least 12 months as of December 31, 2023.
COGS includes all direct costs related to gelato, other products, and dry goods. The average COGS is calculated by summing the costs of goods sold for the included franchisees and dividing by the number of stores. The percentage is determined by dividing the average COGS by the average net revenues.
It's important to note that these figures do not include all costs associated with starting and operating an Amorino store. Initial franchise fees, build-out and equipment costs, technology costs, and training and living expenses are excluded. Prospective franchisees should conduct their own independent investigation of all costs they will incur. Amorino also advises consulting with a financial advisor or accountant regarding financial projections and applicable taxes.