What was the net income for Antioch Pizza Shop in 2024?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 100,022 | | Total liabilities and stockholders' equity | $ | 293,279 | $ | 92,658 | $ | 126,781 |
STATEMENTS OF OPERATIONS
For the years ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Operating revenue | |||||
| Royalties | $ | 277,985 | $ 172,030 | $ | 204,692 |
| Marketing fees | 59,932 | 42,232 | 55,007 | ||
| Initial franchise fees | 35,000 | 25,000 | - | ||
| Other operational revenue | 130,561 | 140,639 | 131,227 | ||
| Total operating revenue | 503,478 | 379,901 | 390,926 | ||
| Operating expenses | |||||
| Advertising and promotion | 131,424 | 161,305 | 102,384 | ||
| General and administrative | 129,986 |
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 2024 was $218,330. The FDD includes audited balance sheets as of December 31, 2024, 2023, and 2022, along with related statements of operations, changes in stockholders' equity, and cash flows for those years. These financial statements provide prospective franchisees with an overview of the brand's financial performance over the past three years.
The net income figure is a key indicator of Antioch Pizza Shop's profitability. It represents the amount of revenue remaining after deducting all operating expenses, advertising, administrative costs, and professional fees. Reviewing the trend in net income over the three-year period—$259,523 in 2022, $35,383 in 2023, and $218,330 in 2024—can give potential franchisees insight into the brand's financial trajectory and stability.
It's important to note that these figures pertain to Wix Franchise, Inc., the company that franchises the Antioch Pizza Shop concept, not necessarily the performance of individual franchise locations. While the franchisor's financial health is crucial, prospective franchisees should also seek information about the typical revenues, expenses, and profitability of existing Antioch Pizza Shop franchises to gain a comprehensive understanding of the potential financial returns.