What was the net income for Beggars Pizza in 2022?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Beggars Pizza Franchise, LLC, which comprise the balance sheet as of December 31, 2023 and 2022, and the related statements of income, members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Beggars Pizza Franchise, LLC as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to the 2025 FDD, while the financial statements of Beggars Pizza Franchise, LLC have been audited for the years 2022 and 2023, the specific net income figure for 2022 is not disclosed in the provided excerpts. The auditor's report confirms that the financial statements, including the statement of income, were prepared in accordance with generally accepted accounting principles. However, the actual income statement containing the net income value is not included in the provided documentation.
Without the specific net income figure, prospective franchisees cannot assess the profitability of Beggars Pizza for that year. Net income is a critical metric for evaluating the financial health and performance of a franchise system. It reflects the revenues less all expenses, taxes, and other costs, providing a clear picture of what remains as profit.
Therefore, it is essential for potential Beggars Pizza franchisees to request the complete 2022 income statement from the franchisor during their due diligence. This will allow them to fully understand the financial performance of the company and make an informed decision about investing in the franchise.