What was the net income for Bananas Smoothies Frozen Yogurt in 2022?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
s) Due to affiliates Total current liabilities | $ | 9,399 191,491 9,993 45,584 256,467 | $ 11,405 171,722 13,583 10,443 207,153 | | Long-term liabilities: Deferred revenue, net of current (opened stores) Total liabilities | | 13,823 270,290 | 23,816 230,969 | | Commitments and contingencies (Notes 1, 5 and 7) | | | | | Members' equity | | 116,716 | 353,015 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | $ | 387,006 | $ 583,984 |
(A Limited Liability Company) STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 29, 2024, DECEMBER 31, 2023, AND DECEMBER 25, 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Revenues: | ||||||
| Royalties | $ | 589,898 | $ | 643,409 | $ | 677,140 |
| Advertising fund revenues | 49,793 | 60,608 | 71,085 | |||
| Franchise fees and transfer fees | 13,583 | _ | 13,584 | _ | 15,527 | |
| Total revenues | 653,274 | _ | 717,601 | _ | 763,752 | |
| Operating expenses: | ||||||
| Administration and management fe |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to Bananas Smoothies Frozen Yogurt's 2025 Franchise Disclosure Document, the net income for the company in 2022 was $329,977. This figure represents the profit remaining after all revenues and expenses were accounted for during that fiscal year. It's important to note that this net income reflects the performance of Everything Yogurt Brands, LLC, which franchises Bananas Smoothies & Frozen Yogurt, rather than the income of any individual franchise location.
This net income figure is part of a broader financial picture that includes revenues, operating expenses, and other income sources. For example, in 2022, Everything Yogurt Brands, LLC had total revenues of $763,752 and total operating expenses of $433,775, which contributed to the income from operations of $329,977. There was no interest income reported for 2022.
Prospective franchisees should consider this net income in the context of the company's overall financial health and trends over time. While a positive net income is generally a good sign, it's crucial to analyze the factors driving this income and whether it is sustainable. Reviewing the complete audited financial statements, including the balance sheets, statements of income, changes in members' equity, and cash flows, will provide a more comprehensive understanding of the company's financial performance.