For the Auntie Annes locations in the top quartile, what was the average net sales?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 19: FINANCIAL PERFORMANCE REPRESENTATIONS]
| Quartiles | Average Net Sales | Number and Percentage of Shops Attaining or Exceeding Average Net Sales | Median Net Sales | Lowest Net Sales | Highest Net Sales |
|---|---|---|---|---|---|
| Top Quartile | $1,208,557 | 47/126 (37%) | $1,156,989 | $952,295 | $3,035,447 |
| nd Quartile | |||||
| 2 | $826,828 | 58/125 (46%) | $812,723 | $725,540 | $951,770 |
| rd Quartile | |||||
| 3 | $641,025 | 60/125 (48%) | $638,511 | $555,793 | $725,497 |
| Bottom Quartile | $398,517 | 73/126 (58%) | $436,413 | $17,783 | $550,438 |
| Total | $768,870 | 224/502 (45%) | $725,519 | $17,783 | $3,035,447 |
[Item 19: FINANCIAL PERFORMANCE REPRESENTATIONS]
| Quartiles | Average Net Sales | Number and Percentage of Shops Attaining or Exceeding Average Net Sales | Median Net Sales | Lowest Net Sales | Highest Net Sales |
|---|---|---|---|---|---|
| Top Quartile | $2,986,934 | 4/9 (44%) | $2,908,204 | $2,199,558 | $4,526,804 |
| 2nd Quartile | $1,761,735 | 6/9 (67%) | $1,797,510 | $1,541,372 | $2,045,002 |
| 3rd Quartile | $1,226,358 | 5/9 (56%) | $1,374,295 | $907,949 | $1,528,359 |
| Bottom Quartile | $589,752 | 5/9 (56%) | $595,407 | $374,262 | $827,185 |
| Total | $1,641,195 | 15/36 (42%) | $1,534,865 | $374,262 | $4,526,804 |
[Item 19: FINANCIAL PERFORMANCE REPRESENTATIONS]
| Quartiles | Average Net Sales | Number and Percentage of Shops Attaining or Exceeding Average Net Sales | Median Net Sales | Lowest Net Sales | Highest Net Sales |
|---|---|---|---|---|---|
| Top Quartile | $1,357,657 | 8/25 (32%) | $1,230,504 | $1,081,941 | $2,604,149 |
| 2nd Quartile | $958,703 | 9/24 (38%) | $953,431 | $863,896 | $1,073,685 |
| 3rd Quartile | $779,139 | 12/24 (50%) | $787,132 | $694,750 | $858,188 |
| Bottom Quartile | $538,818 | 14/24 (58%) | $579,292 | $264,892 | $692,682 |
| Total | $913,209 | 42/97 (43%) | $863,896 | $264,892 | $2,604,149 |
[Item 19: FINANCIAL PERFORMANCE REPRESENTATIONS]
| Quartiles | Average Net Sales | Number and Percentage of Shops Attaining or Exceeding Average Net Sales | Median Net Sales | Lowest Net Sales | Highest Net Sales |
|---|---|---|---|---|---|
| Top Quartile | $1,857,839 | 6/15 (40%) | $1,720,623 | $1,459,403 | $2,988,886 |
| 2nd Quartile | $1,282,854 | 8/15 (53%) | $1,291,542 | $1,127,288 | $1,447,285 |
| 3rd Quartile | $1,015,346 | 7/14 (50%) | $1,027,657 | $900,447 | $1,114,306 |
| Bottom Quartile | $585,609 | 8/15 (53%) | $595,074 | $217,299 | $863,156 |
| Total | $1,188,294 | 24/59 (41%) | $1,127,288 | $217,299 | $2,988,886 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 92–95)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, Item 19 presents financial performance representations for different types of franchises. The average net sales for the top quartile varies depending on the franchise type.
For Enclosed Mall Franchises, the average net sales for the top quartile was $1,208,557. For Outlet Center Franchises, the average net sales for the top quartile was $1,357,657. For Airport Franchises, the average net sales for the top quartile was $2,986,934. For Cinnabon Co-Branded Franchises, the average net sales for the top quartile was $1,857,839.
It's important to note that these figures are based on data from Fiscal Year 2023 and may not be indicative of future performance. Additionally, these sales figures do not reflect the costs of sales, operating expenses, or other costs that must be deducted to obtain net income or profit. Prospective franchisees should consult with financial advisors and existing franchisees to assess the potential financial performance of an Auntie Annes franchise.