What was the net income for Beggars Pizza in 2023?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Net sales - royalties and other revenues | $ 1,593,982 | $ 1,520,563 | |
| Operating expenses: | |||
| Management fees | 579,820 | 666,106 | |
| Professional fees | 60,884 | 113,460 | |
| Brand development | 95,897 | - | |
| Trade show | 9,729 | - | |
| Donations | 30,000 | 25,000 | |
| Training | 10,920 | 9,820 | |
| Miscellaneous | 6,452 | 956 | |
| Total operating expenses | 793,702 | 815,342 | |
| Net income | $ 800,280 | $ 705,221 |
Source: Item 23 — RECEIPT (FDD pages 39–192)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the net income for 2023 was $800,280. This figure represents the company's profit after deducting all operating expenses from net sales, royalties, and other revenues.
Specifically, in 2023, Beggars Pizza had net sales, royalties, and other revenues totaling $1,593,982. The total operating expenses amounted to $793,702, which included various costs such as management fees ($579,820), professional fees ($60,884), brand development ($95,897), trade show expenses ($9,729), donations ($30,000), training ($10,920), and miscellaneous expenses ($6,452). After subtracting these operating expenses from the total revenues, the resulting net income was $800,280.
For a prospective franchisee, this net income figure provides insight into the financial performance of Beggars Pizza. It demonstrates the potential profitability of the franchise system as a whole. However, it is important to note that this is the net income for the overall company, not necessarily the net income of an individual franchise location. A potential franchisee should review the Item 19 financial performance representations to understand the potential revenue and expenses for an individual Beggars Pizza restaurant.