What was the net income (loss) for Bevaris Alliance in 2022?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | |
|---|---|---|
| REVENUE: | ||
| Franchise fees | $ 844,819 | $ 388,798 |
| Vending income | 1,205 | 839 |
| Other income | 1,900 | 310 |
| TOTAL REVENUE | 847,924 | 389,947 |
| EXPENSES: | ||
| Accounting | 19,737 | 19,415 |
| Advertising & marketing | 1,229 | 3,212 |
| Amortization expense | 14,656 | 6,107 |
| Auto expense | 541 | ===- |
| Bank service charges | 813 | 379 |
| Bookkeeping | 33,274 | - |
| Business licenses & permits | 2,280 | 177 |
| Computer & internet | 2,482 | 1,144 |
| Consulting | 153,520 | _ |
| Dues & subcriptions | . 373 | 1,041 |
| Vending food purchases | - | 827 |
| Management fees | 486,000 | 96,000 |
| Meals & entertainment | 595 | - |
| Insurance expense | 6,312 | _ |
| Interest | ||
| 91 | 117 | |
| Legal | 26,244 | 7,920 |
| Outside services | ||
| 126,166 | 109,190 | |
| Office expenses | . 346 | - |
| Rent | ||
| Research & development | 13,280 | 5,676 |
| Travel | 2,500 | - |
| Telephone | 500 | - - 077 |
| rerebuone | 13,850 | 6,077 |
| TOTAL EXPENSES | 904,789 | 257,282 |
| INCOME FROM OPERATIONS | ( 56,865) | 132,665 |
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the net income for 2022 was $130,380. This figure is part of the statement of changes in member's equity. It represents the profit Bevaris Alliance realized after deducting all expenses from its revenues during that year.
For a prospective franchisee, understanding the franchisor's financial performance is crucial. A positive net income suggests financial stability and efficient management, which can be reassuring. However, it's important to consider this figure in the context of Bevaris Alliance's overall financial health, including its liabilities, cash flow, and revenue trends.
It is also important to note that the net income (loss) is a key component in calculating the cash flow from operating activities. In Bevaris Alliance's case, the net income is adjusted by items such as depreciation and amortization to arrive at the net cash provided (used) by operating activities. Reviewing these adjustments can provide a more comprehensive view of the company's financial performance.
Therefore, while the $130,380 net income for 2022 is a positive indicator, prospective franchisees should conduct a thorough review of Bevaris Alliance's complete financial statements and consult with a financial advisor to assess the overall financial viability of the franchise opportunity.