What was the total revenue for Bevaris Alliance in 2023?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
nce 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 | | MEMBER'S EQUITY: | | | | Member's equity | 112,862 | 170,724 | | | | | | TOTAL MEMBER'S EQUITY | 112,862 | 170,724 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | $ 358,257 | $ 360,254 |
| 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 | ||
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 2023 was $847,924. This revenue is comprised of franchise fees totaling $844,819, vending income of $1,205, and other income of $1,900.
For a prospective franchisee, understanding the revenue streams of Bevaris Alliance is crucial. The vast majority of the company's revenue comes from franchise fees, which suggests that the company's financial health is heavily dependent on the success of its franchisees and the expansion of its franchise network. The smaller contributions from vending and other income streams indicate that these are not primary drivers of revenue for Bevaris Alliance.
It's important to note that while total revenue is a key indicator, it doesn't provide a complete picture of the company's financial performance. A prospective franchisee should also consider the expenses incurred by Bevaris Alliance, which totaled $904,789 in 2023, resulting in a net loss of $57,665 for the year. This information, combined with a thorough review of the financial statements and discussions with existing franchisees, will help potential investors make an informed decision about investing in a Bevaris Alliance franchise.