What was the comprehensive income for Anago in 2023?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
, respectively.
For the year ended December 31, 2024, 2023, and 2022, the Company's effective income tax rate varied from statutory federal and state income tax rates principally due to non-deductible expenses and business meals and entertainment.
As of December 31, 2024, 2023, and 2022 the cumulative temporary differences includes a deferred tax assets (liability) associated with the tax returns which are filed based on the cash basis of accounting and the consolidated financial statements are reported based on the accrual basis of accounting and unrealized gain (loss) on investments totaled $65,045, $(49,347), and $82,115, respectively.
NOTE M -ROYALTIES
The Corporation receives approximately 5% of recurring cleaning contract sales. Royalties included in revenue for the years ending December 31, 2024, 2023, and 2022 totaled $6,614,233, $5,840,390, and $4,863,616, respectively.
NOTE N -SALE OF TERRITORY ASSETS OF EHLB, INC. DBA ANAGO OF LAS VEGAS
In November 2024 the Company sold the territory assets of EHLB, Inc. dba Anago of Las Vegas for proceeds of $400,000 with an estimated cost of the territory of $98,000 for a gain on sale of the territory assets of EHLB, Inc. dba Anago of Las Vegas of $302,000 which has been recorded as other income on the consolidated statement of operations. As EHLB, Inc. dba Anago of Las Vegas operations will not continue in future periods the revenue and expenses of the entity have been reclassed and reported with "other income and expenses". Net income (loss) for EHLB, Inc.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
Based on Anago's 2025 Franchise Disclosure Document, a precise figure for the company's comprehensive income in 2023 is not explicitly provided. However, the FDD includes details regarding the net income (loss) for EHLB, Inc. dba Anago of Las Vegas, which was $317,735 in 2023. This figure was later reclassified to other income (expenses) for comparison purposes and consideration of continual future operations of the Company. Additionally, the provision for income taxes for the year ended December 31, 2023, was $348,384. These values offer some insight into the financial performance of Anago and its subsidiaries.
Furthermore, the FDD mentions depreciation expenses totaling $22,468 for 2022 and $38,894 for 2023. It also notes that Anago had funds totaling $1,381,558 in excess of the FDIC limit as of December 31, 2023, and held $54,207 in an investment brokerage account which is not insured through the FDIC program. These figures provide additional context regarding Anago's financial standing and cash management practices.
For a prospective franchisee, understanding the comprehensive income is crucial for evaluating the overall financial health and profitability of Anago. While the exact comprehensive income is not stated, the provided figures related to net income from specific entities, income tax provisions, depreciation, and cash reserves can help in assessing the company's financial performance. It is advisable for potential franchisees to request further clarification from Anago regarding their comprehensive income and the factors contributing to it to gain a more complete understanding of the company's financial position.