What was the net income for Bananas Smoothies Frozen Yogurt in 2024?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Members' equity - beginning | $353,015 | $698,962 | $418,985 |
| Net income | 258,701 | 254,053 | 329,977 |
| Distributions | (495,000) | (600,000) | (50,000) |
| MEMBERS' EQUITY - ENDING | $116,716 | $353,015 | $698,962 |
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 company's net income for 2024 was $258,701. The FDD also provides net income figures for the two preceding years, with $254,053 in 2023 and $329,977 in 2022. This information is based on an audit of Everything Yogurt Brands, LLC, which includes Bananas Smoothies Frozen Yogurt.
In addition to net income, the FDD provides a breakdown of revenues and operating expenses. Total revenues for 2024 were $653,274, comprised of royalties ($589,898), advertising fund revenues ($49,793), and franchise and transfer fees ($13,583). Operating expenses totaled $405,059, including administration and management fees ($163,327), professional and consulting fees ($100,057), rent ($85,044), advertising fund expenses ($51,351), and other operating expenses ($5,280).
The document also details cash flows from operating activities, starting with the net income of $258,701. Adjustments are made for items such as bad debt expense and changes in operating assets and liabilities, resulting in net cash provided by operating activities of $298,032 for 2024. Cash used in financing activities, specifically distributions, amounted to $495,000, leading to a net decrease in cash and cash equivalents of ($196,968). The ending cash and cash equivalents balance for 2024 was $364,512.
Prospective franchisees can use this financial data to assess the financial health and performance trends of Bananas Smoothies Frozen Yogurt. Reviewing the components of revenue and expenses can provide insights into the key drivers of profitability and potential areas for cost management. Understanding the cash flow dynamics can help franchisees evaluate the company's ability to generate cash and manage its financial obligations.