What was the minimum rent revenue for Carls in 2024?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Rent revenue: | ||
| Minimum rent revenue | $ 87,594 | $ 91,482 |
| Fiscal 2024 | Fiscal 2023 | |
|---|---|---|
| Rent revenue: | ||
| Minimum rent revenue | $ 90,450 | $ 94,426 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the minimum rent revenue for fiscal year 2024 was $87,594, as shown in one set of financial statements. Another set of financial statements shows the minimum rent revenue for fiscal year 2024 was $90,450.
It is important to note that the FDD includes multiple sets of financial statements, and the minimum rent revenue reported varies between them. This discrepancy could be due to different accounting methods, the inclusion of different subsidiaries, or other factors.
A prospective franchisee should inquire with Carls about the reasons for these differences and which financial statement is most representative of the current financial performance of the company's rental operations. Understanding the basis for these figures is crucial for assessing the financial health and stability of Carls.