For Buona, what was the net loss for HOT PEP LLC in 2023?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| REVENUE | ||
| License Fee Income - Initial | $ 13,051 | $ 6,500 |
| OPERATING EXPENSES | ||
| Advertising | 29,560 | 15,709 |
| Bank Fees | 191 | 421 |
| Brand Compliance Services | - | 4,600 |
| Computer/Register Expense | 272 | 7,839 |
| Consulting Services | - | 13,500 |
| Insurance - E & O | 10,052 | 10,419 |
| Permits | 353 | 375 |
| Professional Fees | 35,509 | 49,292 |
| Software License Fees | 50,538 | 32,461 |
| Uniform Expense | 1,558 | - |
| TOTAL OPERATING EXPENSES | 128,033 | 134,616 |
| NET LOSS | $ (114,982) | $ (128,116) |
CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC DECEMBER 29, 2024 AND DECEMBER 31, 2023
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, HOT PEP LLC experienced a net loss of $6,406 in 2023. This figure reflects the financial performance of HOT PEP LLC for that specific year.
This information is relevant to potential Buona franchisees as it provides insight into the financial performance of one of Buona's related entities. While HOT PEP LLC's performance may not directly reflect the potential performance of a franchised location, it can offer a glimpse into the financial dynamics within the Buona organization.
Prospective franchisees should consider this information in conjunction with other financial data provided in the FDD, and are encouraged to conduct their own independent financial analysis and due diligence before making any investment decisions. Understanding the financial performance of related entities can contribute to a more comprehensive assessment of the overall franchise opportunity.