What amount of distributions did Annex Brands have for the year ending September 30, 2021?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance at September 30, 2021 | $ | 3,638,000 | $ | 9,321,000 | $ | 12,959,000 |
|---|---|---|---|---|---|---|
| Net income | - | 7,476,000 | 7,476,000 | |||
| Distributions | - | (7,085,000) | (7,085,000) | |||
| Stock options exercised (555 shares) | _ | 93,000 | _ | _ | 93,000 | |
| Balance at September 30, 2022 | 3,731,000 | 9,712,000 | 13,443,000 | |||
| Net income | - | 7,626,000 | 7,626,000 | |||
| Distributions | - | (6,347,000) | (6,347,000) | |||
| Stock repurchase (2,560 shares) | _ | (1,325,000) | _ | _ | (1,325,000) | |
| Balance at September 30, 2023 | 2,406,000 | 10,991,000 | 13,397,000 | |||
| Net income | - | 7,357,000 | 7,357,000 | |||
| Distributions | (6,294,000) | (6,294,000) | ||||
| Balance at September 30, 2024 | $ | 2,406,000 | $ | 12,054,000 | $ | 14,460,000 |
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the distributions for the year ending September 30, 2021, totaled $7,085,000. This figure reflects the amount of money distributed to shareholders from the company's equity.
For a prospective franchisee, understanding the distribution amounts can provide insight into how Annex Brands manages its finances and allocates profits. Large distributions may indicate strong profitability, but it's important to consider whether these distributions impact the company's ability to reinvest in growth or support its franchisees.
It is important to note that distributions are not necessarily indicative of the company's overall financial health. A potential franchisee should consider this information in conjunction with other financial metrics, such as net income, assets, and liabilities, to gain a comprehensive understanding of Annex Brands' financial stability and performance.