What is included in the definition of 'Net Revenues' for an Amorino franchise?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
| 15.7% | $137,520 | 21.0% |
Notes to Part II
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- "Net Revenues" includes all revenues generated from all business conducted at or from a store during the Calendar Year, including amounts received from the sale of food items. "Net Revenues" does not include the amount of any applicable sales tax imposed by any federal, state, municipal or other governmental authority if such taxes are stated separately when the customer is charged, and franchisee pays such amounts as and when due to the appropriate taxing authority. Also excluded from Net Revenues are the amount of any documented refunds, chargebacks, credits and allowances given to customers in good faith pursuant to our standard procedures for issuing such refunds. The "Average Net Revenues" is determined by taking the sum of included franchisees Net Revenues and dividing it by the number of stores. For the 2023 Calendar Year, the high Net Revenues reported to us was $1,972,908 and the low was $424,199. For the 2024 Calendar Ye
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 68–73)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, 'Net Revenues' include all revenues generated from business conducted at or from a store during the calendar year. This includes amounts received from the sale of food items. However, 'Net Revenues' does not include applicable sales taxes imposed by any governmental authority if these taxes are stated separately when the customer is charged, and the franchisee pays these amounts to the appropriate taxing authority.
Additionally, 'Net Revenues' excludes documented refunds, chargebacks, credits, and allowances given to customers in good faith, following Amorino's standard procedures for issuing such refunds. The FDD also mentions that the 'Average Net Revenues' is calculated by summing the Net Revenues of included franchisees and dividing by the number of stores.
For the 2023 calendar year, the highest Net Revenues reported to Amorino was $1,972,908, while the lowest was $424,199. In 2024, the high Net Revenues reached $2,389,639, and the low was $540,712. These figures provide prospective franchisees with a range of potential revenues, although individual results may vary. Amorino emphasizes that there is no assurance that a franchisee will achieve similar sales figures.