What were the member's distributions for C3 Wellness Spa in 2023?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Professional and legal | 35,665 | | 1,367 | | Advertising and marketing | 800 | | 3,497 | | Total Operating Expenses | 20.405 | | 12,875 | | Net Income/ (Loss) | 36,465 $ (27,465) | $ | 17,739 (17,739) |
| Members' Equity At December 1, 2021 | $ | |
|---|---|---|
| Member's contributions | - | 17,739 |
| Net income / (loss) | ||
| Members' Equity At December 31, 2 |
Source: Item 23 — RECEIPTS (FDD pages 59–293)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, member distributions in 2023 totaled $50,580. This figure is part of a broader overview of member's equity, contributions, and net income/loss over a period from December 1, 2021, to December 31, 2023. These figures provide a snapshot of the financial transactions involving the members of C3 Wellness Spa over the specified period.
Specifically, the document outlines the changes in member's equity, starting with a balance at December 1, 2021. It then details member's contributions and net income/loss leading to the equity balance at the end of 2022. The subsequent entries show the changes in 2023, including member's contributions, distributions, and the resulting equity balance at the end of that year. These values are important for understanding the flow of capital in and out of the business and the overall financial health from a member's perspective.
For a prospective franchisee, this information offers insight into how the company manages its finances and distributes funds to its members. While this data is historical and may not predict future performance, it can be a useful point of discussion with the franchisor to understand the factors influencing these figures and the company's financial strategies. It is important to consider these figures in conjunction with other financial disclosures and to conduct thorough due diligence before making any investment decisions.