What was the net income for Bananas Smoothies Frozen Yogurt in the first period shown in the table?
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 period ending December 29, 2024, was $258,701. The table also presents financial data for the periods ending December 31, 2023, and December 25, 2022, with net incomes of $254,053 and $329,977, respectively.
This information is derived from the audited financial statements of Everything Yogurt Brands, LLC, which includes Bananas Smoothies Frozen Yogurt. The net income figures reflect the profitability of the company's operations over these three fiscal years. These figures are crucial for prospective franchisees as they offer insight into the financial health and stability of the franchisor.
A prospective franchisee should consider these figures in conjunction with other financial data provided in the FDD, such as revenues, operating expenses, and cash flow information, to gain a comprehensive understanding of the franchisor's financial performance. It is also important to note that past performance is not necessarily indicative of future results, and franchisees should conduct their own due diligence and consult with financial advisors to assess the potential risks and rewards of investing in a Bananas Smoothies Frozen Yogurt franchise.