What was Belocal's net income in the provided financial data?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
,771,003 |
| Net income | $ 1,539,406 | $ 540,636 | $ 695,773 |
|---|---|---|---|
| Provision for income taxes | 447,793 | 207,418 | 357,481 |
| Income before provision for income taxes | 1,987,199 | 748,054 | 1,053,254 |
| Total other income | 298,901 | 204,059 | 37,271 |
| Interest income | 222,087 | 128,182 | |
| Other income | 76,814 | 75,877 | 37,271 |
| Other income: | |||
| Income from operations | 1,688,298 | 543,995 | 1,015,983 |
| Total general and administrative expenses | 19,210,128 | 18,416,751 | 16,801,070 |
| Other general and administrative expenses | 2,742,199 | 2,137,504 | 797,670 |
| Professional fees | 140,517 | 158,304 | 181,609 |
| Personnel cost | 3,708,010 | 3,812,198 | 4,289,814 |
| Management fees | 6,624,000 | 6,048,000 | 4,800,000 |
| Advertising and marketing | 5,995,402 | 6,260,745 | 6,731,97 |
| General and administrative expenses: | |||
| Gross profit | 20,898,426 | 18,960,746 | 17,817,05 |
| Total cost of revenue | 61,603,495 | 58,490,108 | 59,959,187 |
| Commissions | 61,603,495 | 58,361,946 | 59,767,29 |
| Direct personnel cost | * | 128,162 | 191,896 |
| Cost of revenue: | |||
| Sales services revenue | $ 82,501,921 | $ 77,450,854 |
Source: Item 23 — RECEIPTS (FDD pages 71–242)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the company's net income for the year ending June 30, 2025, was $1,539,406. The net income for the year ending June 30, 2024, was $540,636, and for the year ending June 30, 2023, it was $695,773. These figures represent the income after all expenses and taxes have been accounted for, providing a clear picture of the company's profitability over the three-year period.
In addition to net income, the FDD provides further details on related financial metrics. For instance, the provision for income taxes was $447,793 in 2025, $207,418 in 2024, and $357,481 in 2023. The income before the provision for income taxes was $1,987,199 in 2025, $748,054 in 2024, and $1,053,254 in 2023. Total other income was $298,901 in 2025, $204,059 in 2024, and $37,271 in 2023. These figures can help a prospective franchisee understand the various components that contribute to Belocal's overall financial performance.
Furthermore, the FDD outlines various revenue and expense items. Sales services revenue was $82,501,921 in 2025, $77,450,854 in 2024, and $77,776,240 in 2023. Total general and administrative expenses were $19,210,128 in 2025, $18,416,751 in 2024, and $16,801,070 in 2023. Management fees, which include costs for accounting, marketing, and other operating services provided by an affiliate, were $6,624,000 in 2025, $6,048,000 in 2024, and $4,800,000 in 2023. Advertising and marketing expenses were $5,995,402 in 2025, $6,260,745 in 2024, and $6,731,97 in 2023. Gross profit was $20,898,426 in 2025, $18,960,746 in 2024, and $17,817,05 in 2023.
It is important to note that Belocal's financial results may have varied significantly if transactions with its affiliate, N2 Company, had occurred as unrelated third-party transactions. As of June 30, 2025, the company had $4,217,245 due from its affiliate, and as of June 30, 2024, the amount due was $3,998,969. Prospective franchisees should consider these related-party transactions when evaluating the financial performance of Belocal.