What was the change in credit card activity for Beauty Bungalows in 2024?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
BALANCE, DECEMBER 31, 2024 | $ (209,773) |
Beauty Bungalows Franchising, LLC STATEMENTS OF CASH FLOWS For the years ended December 31, 2024 and 2023
| 2024 | 2023 | |||
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | _ |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the company's credit card activity saw an increase of $13,933 in 2024. This figure is part of the statement of cash flows from operating activities. In 2023, the credit card activity was reported as zero.
This increase in credit card activity could reflect a growing volume of sales processed through credit cards, or changes in how Beauty Bungalows manages its credit card transactions. For a prospective franchisee, this indicates that Beauty Bungalows is actively using credit card transactions in its business operations.
It's important to note that this figure represents the change in credit card activity and not necessarily the total sales volume processed through credit cards. A franchisee should inquire about the company's policies regarding credit card processing fees and how they might affect profitability.