What was the net income for Buildingstars in 2022?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
86,511 | | Retained earnings | 2,302,263 | 2,930,029 | 2,016,751 | | | 3,689,274 | 4,317,040 | 3,403,762 | | | $ 14,462,992 | $ 13,329,754 | $ 10,891,934 | | | | | |
BUILDINGSTARS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| REVENUE | $ 83,617,433 | $ 76,205,348 | $ 70,164,196 | ||
| COST OF REVENUE | 60,705,321 | 55,325,794 | 50,810,089 | ||
| GROSS MARGIN | 22,912,112 | 20,879,554 | 19,354,107 | ||
| OPERATING EXPENSES | 13,674,903 | 12,509,619 | 11,453,047 | ||
| General and administrative expenses |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the company's net income for the year ending December 31, 2022, was $7,513,928. This figure represents the company's profitability after accounting for all revenues, expenses, and other income items during that fiscal year.
For a prospective Buildingstars franchisee, this net income figure provides insight into the overall financial health and stability of the franchisor. A consistently positive net income suggests that the company is well-managed and has a sustainable business model. This can be reassuring for franchisees who are considering investing in the Buildingstars system.
However, it's important to consider this figure in the context of other financial metrics and industry benchmarks. While a net income of $7,513,928 appears substantial, prospective franchisees should also examine the company's revenue, expenses, and cash flow statements to gain a more comprehensive understanding of its financial performance. Additionally, comparing Buildingstars's net income to that of other franchise systems in the janitorial services industry can provide valuable context and help franchisees assess the relative strength of the Buildingstars brand.