What was the total revenue for Auntie Annes franchise as of December 31, 2023?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
assets | 13,305 | 13,532 | | Total assets | $ 882,596 | $ 876,517 |
Consolidated balance sheets (cont'd)
(In thousands except share data)
| December 31, 2023 | December 25, 2022 | |
|---|---|---|
| Liabilities and Member's Deficit | ||
| Current liabilities: | ||
| Accounts payable | $ 8,395 | $ 8,975 |
| Accrued expenses and other |
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, the total revenue for the fiscal year ended December 31, 2023, was $552,776. This figure represents the sum of several revenue streams, including franchise revenues, company store, bakery and restaurant revenues, franchise and other rental revenues, and advertising funds revenues.
Breaking down the total revenue, franchise revenues contributed $337,446, while company store, bakery, and restaurant revenues accounted for $114,936. Franchise and other rental revenues added $9,352, and advertising funds revenues amounted to $91,042. These various revenue streams highlight the diverse ways in which Auntie Annes generates income, from traditional franchising to company-owned operations and advertising initiatives.
For a prospective franchisee, understanding these revenue components is crucial. It provides insight into the financial health and stability of Auntie Annes as a franchise system. The figures also allow potential franchisees to benchmark their own performance against the company's overall revenue and to assess the potential for growth and profitability within the Auntie Annes network.