factual
What was the total amount of revenue Buona received from License Fee Income - Initial 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 |
| MEMBERS' EQUITY (DEFICIT) | (237,221) | (122,239) |
| Mem |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the company's License Fee Income - Initial revenue for 2024 was $13,051. This reflects the income Buona received from initial license fees paid by new franchisees. For a prospective franchisee, this indicates the revenue stream Buona generates from expanding its franchise network. It's important to note that this figure represents only the initial license fees and does not include ongoing royalties or other fees Buona collects from its franchisees. Reviewing this trend over several years, as presented in the FDD, can provide insights into Buona's growth trajectory and the demand for its franchises.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.