For Anago, what years are included in the summary of operating income analysis?
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.
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the summary of operating income analysis for EHLB, Inc. dba Anago of Las Vegas includes the years ended December 31, 2024, and 2023. This information is relevant because Anago sold the territory assets of EHLB, Inc. in November 2024. As a result, the revenue and expenses have been reclassified and reported as "other income and expenses."
The net income (loss) for EHLB, Inc. dba Anago of Las Vegas for the years ended December 31, 2024 and 2023 totaled ($34,405) and $317,735, respectively. These figures have been reclassified to other income (expenses) for comparison purposes and to account for the discontinued future operations of the company. This reclassification provides a clearer picture of Anago's overall financial performance by separating the results of the sold territory from ongoing operations.
Additionally, the FDD notes that as of December 31, 2024, 2023, and 2022, Anago had funds totaling $1,370,883, $1,381,558, and $660,503, respectively, in excess of the FDIC limit. These figures indicate the company's cash management and the amounts exceeding the insured limits, which could be a point of interest for prospective franchisees assessing the company's financial stability.