What was the total operating revenue 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 total operating revenue for 2024 was $503,478. The operating revenue is broken down into several categories. Royalties accounted for $277,985, marketing fees totaled $59,932, initial franchise fees contributed $35,000, and other operational revenue amounted to $130,561.
When evaluating the financial performance of Antioch Pizza Shop, it's important to consider the components of the operating revenue. Royalties, which are a percentage of sales from franchisees, make up the largest portion, indicating the ongoing revenue generated from existing franchise locations. Marketing fees also contribute to the revenue stream, supporting advertising and promotional activities. Initial franchise fees represent the revenue from new franchisees joining the system.
In addition to revenue, the FDD provides information on operating expenses. In 2024, Antioch Pizza Shop had total operating expenses of $285,148, which included advertising and promotion expenses of $131,424, general and administrative expenses of $129,986, and professional fees of $23,738. The net income for 2024 was $218,330. Reviewing both revenue and expenses helps to understand the overall profitability and financial health of the franchise.
A prospective franchisee should analyze these figures in conjunction with other financial data in the FDD, such as the balance sheets and cash flow statements, to gain a comprehensive understanding of Antioch Pizza Shop's financial performance and stability. Comparing these figures to previous years (2023 and 2022, which are also provided) can reveal trends and potential areas of growth or concern.