What was the total operating revenue for Beauty Bungalows in 2024?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
rida | 2 | 2 | 0 | | Totals | 7 | 13 | 1 |
Beauty Bungalows Franchising, LLC STATEMENTS OF OPERATIONS For the years ended December 31, 2024 and 2023
| 2024 | 2023 | |||
|---|---|---|---|---|
| Operating revenues: | ||||
| Revenue | $ | 46,800 | $ | - |
| Technology fee | 200 | - | ||
| Total operating revenues | 47,000 | - | ||
| Operating expenses: | ||||
| Consulting costs | 182,185 | - | ||
| Advertising & marketing | 21,514 | 10,613 | ||
| Legal fees | 18,433 | 47,102 | ||
| Software | 13,464 | - | ||
| Referral fee | 12,626 | - | ||
| Professional fees | 12,195 | - | ||
| Travel | 9,133 | 1,538 | ||
| Insurance | 7,722 | - | ||
| Supplies | 5,644 | - | ||
| Rent | 3,000 | 6,500 | ||
| Meals & entertainment | 2,128 | _ | ||
| Office supplies | 1,362 | 19,274 | ||
| Other expenses | 895 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the total operating revenue for the company in 2024 was $47,000. This revenue was comprised of $46,800 in revenue and $200 in technology fees. In contrast, Beauty Bungalows had no operating revenue in 2023.
It is important to note that while Beauty Bungalows generated $47,000 in operating revenue in 2024, their total operating expenses amounted to $290,301, resulting in an operating loss of $243,301. The operating expenses included consulting costs of $182,185 and advertising and marketing expenses of $21,514. This indicates that the company's expenses significantly exceeded its revenue during this period.
A prospective franchisee should carefully consider these financial figures. While the increase in operating revenue from $0 in 2023 to $47,000 in 2024 may seem positive, the substantial operating loss suggests that the company is still in its early stages of development and is investing heavily in its growth. A potential franchisee should inquire about the franchisor's plans to increase revenue and manage expenses to achieve profitability.