What was the total revenue for Carls company-operated restaurants in fiscal year 2023?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| Fiscal 2024 | Fiscal 2023 | ||
|---|---|---|---|
| Revenue: | |||
| Company-operated restaurants.................................................................................................... | $ 368,842 | $ 354,253 | |
| Franchised restaurants and other................................................................................................. | 292,713 | 290,831 | |
| Total revenue........................................................................................................................ | 661,555 | 645,084 |
Source: Item 23 — RECEIPTS (FDD pages 80–480)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the total revenue for company-operated restaurants in fiscal year 2023 was $354,253. This figure represents the gross sales generated by restaurants that are owned and operated directly by the Carls corporation, rather than by individual franchisees.
For a prospective franchisee, this number provides a benchmark for understanding the potential revenue that a corporate-owned store can generate. While franchisee-owned locations may perform differently based on various factors such as location, management, and local market conditions, the company-operated revenue offers insight into the brand's overall performance.
It's important to note that this revenue figure does not represent the potential revenue of a franchised location. Prospective franchisees should also review the Item 19 financial performance representations within the FDD, which may provide data on franchisee-owned restaurant performance. Comparing the company-operated revenue with franchisee performance data can offer a more comprehensive understanding of potential earnings.
The franchisor also reports revenue from franchised restaurants and other sources, totaling $290,831 in fiscal year 2023. This indicates that a significant portion of Carls's revenue is derived from its franchise operations, highlighting the importance of the franchise network to the overall business model.