What was the average net income for Amorino stores in 2023?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net Income | 134, 504 | 12.4% | 9/16 | $120,067 | 18.3% |
|---|---|---|---|---|---|
| Interest | $8, 183 | 10/16 | $16,827 | 2.6% | |
| Expense | |||||
| Depreciation | $19, 551 | 10/16 | 0 | 0.0% | |
| & Amort. | |||||
| Taxes | $7,155 | 10/16 | $626 | 0.1% | |
| EBITDA | $169, 393 | 15.7% | $137,520 | 21.0% |
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 net income for Amorino stores in 2023 was $134,504. This data is based on 16 included stores. It's important to note that this is an average, and individual store performance may vary. Nine out of the sixteen stores had net incomes above the average. The median net income for these stores was $120,067.
In addition to net income, the FDD provides a breakdown of other financial metrics. The average net revenue for these stores was $1,080,683, with an average cost of goods sold (COGS) of $345,170, representing 31.9% of net revenues. The average gross margin was $735,463, or 68.1%. Payroll expenses averaged $265,289 (24.5%), occupancy costs averaged $138,706 (12.8%), and marketing and advertising expenses averaged $3,226 (0.3%). Other expenses averaged $158,849 (14.7%), interest expenses averaged $8,183 (0.8%), depreciation and amortization averaged $19,551 (1.8%), and taxes averaged $7,155 (0.7%).
The document also includes an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) calculation. The average EBITDA for Amorino stores in 2023 was $169,393. This figure is derived by adding back interest expense ($8,183), depreciation and amortization ($19,551), and taxes ($7,155) to the net income of $134,504. The median EBITDA was $137,520.
Prospective franchisees should carefully review these figures and consider their own circumstances when evaluating the potential profitability of an Amorino franchise. Factors such as location, management skills, and local market conditions can significantly impact financial performance. The FDD advises conducting an independent investigation and consulting with financial advisors to determine if the franchise is a suitable investment.