What was the license fee income - initial for Buona in 2024?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| CURRENT ASSETS Cash Prepaid Insurance | $ 99,546 6,580 | $ 251,155 8,075 |
| TOTAL CURRENT ASSETS | 106,126 | 259,230 |
| TOTAL ASSETS | $ 106,126 | $ 259,230 |
| LIABILITIES AND MEMBERS' EQUITY (DEFICIT) | ||
| 2024 | 2023 | |
| CURRENT LIABILITIES Current Portion of Deferred Revenue Accounts Payable Accrued Accounts Payable Due to Affiliate Deposits - Training Fees | $ 13,667 6,881 - 6,600 80,000 | $ 11,000 6,192 360 122,000 30,000 |
| TOTAL CURRENT LIABILITIES | 107,148 | 169,552 |
| LONG-TERM LIABILITIES | 236,199 | 211,917 |
| Deferred Revenue, less Current Portion | ||
| TOTAL LONG-TERM LIABILITIES | 236,199 | 211,917 |
| TOTAL LIABILITIES | 343,347 | 381,469 |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the license fee income - initial for 2024 was $13,051. This represents the revenue Buona recognized from initial franchise fees during that year.
For a prospective franchisee, this figure provides insight into the franchisor's revenue streams. It shows how much Buona earned from new franchise agreements. The initial license fee is typically a one-time payment made by franchisees when they join the Buona system.
It's worth noting that this income can fluctuate from year to year, depending on the number of new franchises Buona awards. Reviewing past trends, such as the 2023 income of $6,500, helps to understand the growth and stability of the franchise system. This information, combined with the number of new units opened, can give potential franchisees a clearer picture of Buona's expansion and financial health.