What was the net income for Buildingstars in 2024?
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, 2024, was $8,759,493. This figure represents the company's profitability after accounting for all revenues, expenses, and other income items during that period.
For a prospective franchisee, the net income figure provides insight into the overall financial health and profitability of Buildingstars. A strong 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 brand, as it indicates that Buildingstars is capable of generating profits and supporting its franchisees.
It's important to note that while the net income figure is a valuable indicator, it should be considered in conjunction with other financial metrics and information about the company. Factors such as revenue growth, operating expenses, and cash flow should also be taken into account when evaluating the financial performance of Buildingstars. Additionally, prospective franchisees should conduct their own due diligence and seek professional advice to fully understand the financial implications of investing in a Buildingstars franchise.
Furthermore, the FDD includes consolidated statements of income, changes in stockholder's equity, and cash flows for the years ended December 31, 2024, 2023 and 2022, offering a comparative view of Buildingstars's financial performance over time. This allows potential franchisees to assess trends and patterns in the company's financial results, providing a more comprehensive understanding of its financial stability and growth potential.