What was the total revenue from franchised restaurants and other sources for Carls in fiscal year 2024?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
| Fiscal 2024 | Fiscal 2023 | ||
|---|---|---|---|
| Revenue: | |||
| Company-operated restaurants | $ 368,842 | $ | 356,810 |
| Franchised restaurants and other | 299,954 | 302,674 | |
| Advertising funds revenue | 172,032 | 172,854 | |
| Total revenue | 840,828 | 832,338 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the total revenue from franchised restaurants and other sources for fiscal year 2024 was $299,954. This figure represents the income Carls received from its franchisees, along with other related revenue streams. In comparison, the revenue from this source in fiscal year 2023 was $302,674.
For a prospective franchisee, this number indicates the financial health and stability of Carls's franchise system. A higher number suggests a strong network of franchisees and successful business operations. It is important to note that while the franchised restaurants and other revenue decreased from 2023 to 2024, the overall total revenue increased from $832,338 in 2023 to $840,828 in 2024.
This revenue stream is crucial for Carls as it directly reflects the performance and contributions of its franchisees. Understanding this figure helps potential franchisees gauge the overall strength and potential of the Carls franchise system. It also provides a benchmark for evaluating their own potential revenue and profitability as a franchisee.