What was the net income for Antioch Pizza Shop in 2023?
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 |
|---|
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 2023 was $35,383. The FDD includes audited financial statements, including balance sheets, statements of operations, changes in stockholders' equity, and cash flow statements for the years 2022, 2023, and 2024. These statements provide prospective franchisees with an overview of Antioch Pizza Shop's financial performance over the past three years.
Net income is a key indicator of a company's profitability, representing the revenue remaining after all expenses, including the cost of goods sold, operating expenses, interest, and taxes, have been deducted from total revenue. For a prospective Antioch Pizza Shop franchisee, the net income figure indicates the financial health and stability of the franchisor. A positive and growing net income trend can suggest a well-managed and profitable franchise system.
It is important to note that while the financial statements are audited, prospective franchisees should still conduct their own due diligence and consult with a financial advisor to fully understand the implications of these figures. Reviewing the complete financial statements and comparing them to industry benchmarks can provide a more comprehensive understanding of Antioch Pizza Shop's financial performance and potential risks.