What was the income from operations for Big Apple Bagels in 2022?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenues | ||||
| Royalty fees from franchised stores | $ 1,994,814 | $ 1,944,894 | $ 1,838,276 | |
| Franchise fees and other | 160,133 | 98,773 | 97,626 | |
| Marketing fund revenue | 1,176,663 | 1,243,890 | 1,081,320 | |
| Total Revenues | 3,331,610 | 3,287,557 | 3,017,222 | |
| Operating Costs and Expenses | ||||
| License fee | 603,385 | 572,227 | 540,564 | |
| Payroll and related expenses | 601,402 | 536,846 | 471,779 | |
| Professional service fees | 70,367 | 60,934 | 59,380 | |
| Advertising and promotion expense | 1,903 | 12,186 | 14,801 | |
| Franchise-related expenses | 10,893 | 4,515 | 17,771 | |
| Travel | 16,514 | 23,331 | 16,332 | |
| Bad debt expense (recoveries) | 22,355 | 18,081 | (3,005) | |
| Depreciation and amortization | - | - | 749 | |
| Occupancy | 67,589 | 68,263 | 65,548 | |
| Insurance expense | 25,320 | 27,649 | 30,789 | |
| Employee benefit expense | 87,604 | 72,539 | 76,249 | |
| Loss on sales-type lease termination | 11,659 | - | - | |
| Other | 34,253 | 36,628 | 47,099 | |
| Marketing fund expense | 1,176,663 | 1,243,890 | 1,081,320 | |
| Total Operating Costs and Expenses | 2,729,907 | 2,677,089 | 2,419,376 | |
| Income from Operations | 601,703 | 610,468 | 597,846 |
Source: Item 23 — RECEIPTS (FDD pages 87–319)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the income from operations for the year 2022 was $597,846. This figure represents the company's earnings before considering interest and income taxes. It is calculated by subtracting the total operating costs and expenses from the total revenues.
Specifically, in 2022, Big Apple Bagels had total revenues of $3,017,222 and total operating costs and expenses of $2,419,376. The income from operations is a key indicator of the company's profitability from its core business activities. For a prospective franchisee, this number provides insight into the potential earnings that Big Apple Bagels can generate from its operations before taking into account financial and tax-related items.
It's important to note that this income from operations reflects the performance of BAB Systems, Inc., which franchises Big Apple Bagels, My Favorite Muffin, and SweetDuet Frozen Yogurt & Gourmet Muffins concepts. The financial performance is for the overall company, not an individual franchise location. A potential franchisee should review the Item 19 financial performance representations for information about the performance of individual stores.