What was the net income for Antioch Pizza Shop in 2022?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
330 | 218,330 | | Balances at December 31, 2023 | 1,000 | $ | 10 | $ | 6,810 | $ | 245,516 | $ 252,336 |
STATEMENTS OF CASH FLOWS
For the years ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating activities | ||||||
| Net income | $ | 218,330 | $ | 35,383 | $ | 259,523 |
| Adjustments to reconcile net income to | ||||||
| net cash provided by operating activities: | ||||||
| Changes in operating assets and liabilities: | ||||||
| Accounts receivable | (22,400) | - | - | |||
| Inventory | (7,650) | - | - | |||
| Deferred commissions | 8,008 | (16,973) | - | |||
| Related party payable | - | - | (44,521) | |||
| Accounts payable | (2,199) | 6,383 | (10,856) | |||
| Deferred revenue | - | 10,000 | 25,000 | |||
| Net cash provided by operating activities | 194,089 | 34,793 | 229,146 | |||
| Cash flows from financing activities | ||||||
| Stockholder dividends | (15,510) | (85,889) | (430,179) | |||
| Net cash used in financing activities | (15,510) | (85,889) | (430,179) | |||
| Net change in cash and cash equivalents | 178,579 | (51,096) | (201,033) | |||
| Cash and cash equivalents at beginning of period |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the net income for the company in 2022 was $259,523. This figure represents the profit the company earned after deducting all operating expenses from its total operating revenue during that year. Net income is a key indicator of a company's profitability and financial health.
Specifically, in 2022, Antioch Pizza Shop's total operating revenue amounted to $390,926. This revenue was derived from various sources, including royalties ($204,692), marketing fees ($55,007), and other operational revenue ($131,227). The company's operating expenses for the same period totaled $131,403, which included advertising and promotion expenses ($102,384) and general and administrative expenses ($29,019). The difference between the total operating revenue and total operating expenses resulted in the reported net income of $259,523.
For a prospective franchisee, this net income figure provides insight into the potential profitability of the Antioch Pizza Shop franchise system. While past performance is not indicative of future results, it offers a benchmark for evaluating the financial viability of the franchise. It's important for potential franchisees to consider various factors, such as market conditions, operating costs, and individual franchise performance, when assessing the potential return on investment. Reviewing the complete financial statements and consulting with a financial advisor is recommended to gain a comprehensive understanding of the franchise's financial performance and potential.