What was the 'Income from operations' for Atwell Suites in the year with the value 27,245,401?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31 | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| Operating activities | |||||
| Net income | $ 67,522,988 | $ 54,303,422 | $ 43,449,141 | ||
| Reconciliation of net income to net cash | |||||
| provided by operating activities: | |||||
| Contract assets deduction in revenue (Note 3) | 589,313 | 11,699,506 | 9,750,037 | ||
| Accrued but unpaid interest on line of | |||||
| credit due from affiliate | (29,591,411) | (27,815,534) | (13,274,848) | ||
| Release for expected credit losses | – | – | (11,930,910) | ||
| Changes in assets and liabilities: | |||||
| Accounts receivable | (9,054,565) | (1,832,448) | 781,783 | ||
| Deferred revenue | (120,835) | (62,076) | 378,967 | ||
| Accounts payable and accrued expenses | 4,000 | 5,000 | 2,997 | ||
| Receivables from affiliates | (16,292,632) | 27,173,553 | (2,447,494) | ||
| Payables to affiliates | $ 25,806,849 | 11,670,366 | (29,063,755) | ||
| Net cash provided by (used in) operating activities | $ 38,863,707 | 75,141,789 | (2,354,082) |
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
Based on Atwell Suites's 2025 Franchise Disclosure Document, the provided excerpts do not contain a specific line item for 'Income from operations' that matches the value of $27,245,401 for any given year. However, the document does include financial data related to operating activities, net income, and various adjustments and reconciliations for the years 2022, 2023, and 2024. These figures are part of the consolidated financial statements for Six Continents Hotels, Inc., the parent company of Atwell Suites.
Specifically, the FDD includes a table showing the 'Net cash provided by (used in) operating activities' for the years 2024, 2023 and 2022. For example, in 2023, the 'Accrued but unpaid interest on line of credit due from affiliate' was reported as ($27,815,534). This indicates the cash flow dynamics related to the broader operations of the parent company, which includes Atwell Suites. The document also details various investments in unconsolidated entities and their impact on the company's financial statements.
For a prospective Atwell Suites franchisee, it's important to note that the financial performance of the parent company can indirectly affect the franchise system. While the provided excerpts do not offer a direct 'Income from operations' figure for Atwell Suites, understanding the overall financial health of Six Continents Hotels, Inc. can provide insights into the stability and resources available to support the Atwell Suites brand. A potential franchisee should request specific financial performance data for Atwell Suites directly from the franchisor to assess the brand's profitability and growth trajectory.
To gain a clearer understanding of Atwell Suites's financial performance, a prospective franchisee should ask the franchisor for the brand's specific 'Income from operations' for the past three years. Additionally, it would be beneficial to request a breakdown of revenues, expenses, and profitability metrics specific to the Atwell Suites brand, as this information is not explicitly detailed in the provided excerpts.