What was the total revenue for Bevaris Alliance in 2022?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| ASSETS | ||
|---|---|---|
| 2023 | 2022 | |
| CURRENT ASSETS: | ||
| Cash (Notes 2,12) | $ 259,204 | ¢ 256 474 |
| Accounts receivable | $ 256,474 | |
| 5,404 | 29,829 | |
| Prepaid expenses | 31,999 | |
| TOTAL CURRENT ASSETS | 296,607 | 286,303 |
| ORGANIZATION COSTS | 953 | 953 |
| INTELLECTUAL PROPERTY (NOTE 3) | 4,466 | 4,466 |
| SECURITY DEPOSIT | 3,714 | · |
| 5,714 | 1,360 | |
| DEFERRED FRANCHISE DEVELOPMENT | 52,517 | 67,172 |
| COSTS - NET (NOTE 4) | ||
| TOTAL ASSETS | $ 358,257 | $ 360,254 |
| LIABILITIES AND MEMBER' | S EQUITY | |
| CURRENT LIABILITIES: | ||
| Accounts payable | $ 29,075 | $ 25,463 |
| Credit card payable (Note 5) | 5,997 | 2,924 |
| Income taxes payable (Note 2) | 1,985 | |
| Insurance payable | 25,927 | 1,500 |
| System marketing reserve fund (Note 7) | • | 70 220 |
| Line of credit (Note 6) | · | 72,220 |
| , | 1,000 | 0.000 |
| Due to related party (Note 8) | 9,069 | 86,938 |
| TOTAL LIABILITIES | 245,395 | 189,530 |
| MEM |
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the total revenue for 2022 was $389,947. This revenue is broken down into franchise fees, vending income, and other income. Franchise fees accounted for $388,798, vending income contributed $839, and other income made up $310 of the total.
Understanding the composition of Bevaris Alliance's revenue streams can be valuable for prospective franchisees. Franchise fees appear to be the primary source of revenue, indicating the importance of successful franchise sales for the company. The relatively small amounts from vending and other income suggest these are not major drivers of revenue at the corporate level.
It's important to note that these figures reflect the revenue of Bevaris Alliance Franchise System, LLC, the franchisor, and not the revenue of individual franchisees. A prospective franchisee would need to examine Item 19 of the FDD to understand the potential revenue and expenses of a franchise location. Additionally, they should inquire about how vending and other income opportunities are structured for franchisees and their potential impact on profitability.
Analyzing these revenue figures in conjunction with the expenses listed in the FDD can provide a clearer picture of Bevaris Alliance's financial health and sustainability. This information, combined with due diligence and discussions with existing franchisees, can help potential franchisees make an informed decision about investing in a Bevaris Alliance franchise.