What was the income (loss) from operations for Casa De Corazon in 2023?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31 | ||
|---|---|---|
| 2024 | 2023 2022 | |
| Amount Percent | Amount Percent Amount Percent | |
| Revenues | ||
| Franchise fees | $ 24,747 2.1 % | $ 69,111 8.3 % $ 2 70 - % |
| Brand fund fees | 386,181 32.9 | 316,551 38.0 333,990 41.7 |
| Royalty fees | 747,189 63.7 | 434,181 52.2 448,961 56.2 |
| Technology fees | 10,000 .9 | - - - - |
| Training fees | 4,678 .4 | 12,368 1.5 14,297 1.8 |
| Sales of products | - - | - - 2 ,776 .3 |
| Total revenues | 1,172,795 100.0 | 832,211 100.0 800,294 100.0 |
| Cost of goods sold | ||
| Franchise curriculum | 13,053 1.1 | 38,869 4.7 7 ,889 1.0 |
| Total cost of goods sold | 13,053 1.1 | 38,869 4.7 7 ,889 1.0 |
| Gross profit | 1,159,742 98.9 | 793,342 95.3 792,405 99.0 |
| Operating expenses | ||
| Bank charges | 70 - | 2 5 - - - |
| Credit loss expense | - - | 9 ,728 1.2 - - |
| Office supplies | 1,061 .1 | 1 ,004 .1 1 95 - |
| Meals | 76 - | - - - - |
| Dues and memberships | 600 - | - - 3 ,690 .5 |
| Insurance | 22,169 1.9 | 19,165 2.3 17,190 2.1 |
| Advertising | 276,136 23.5 | 264,633 31.8 303,582 37.9 |
| Background checks | 6,766 .6 | 8 ,695 1.0 8 90 .1 |
| Business development | 9,000 .8 | 12,140 1.5 20,628 2.6 |
| Technology fees | 77,393 6.6 | 74,280 8.9 40,641 5.1 |
| Training | 6,030 .5 | 8 ,728 1.0 8 ,232 1.0 |
| Commissions | 2,007 .2 | - - 7 ,000 .9 |
| Travel | 20,539 1.8 | 16,096 1.9 13,629 1.6 |
| Miscellaneous | 32,548 2.8 | 16,913 2.0 15,769 2.0 |
| Management fees | 422,097 36.0 | 325,909 39.2 239,746 30.0 |
| Corporate overhead allocation | 38,744 3.3 | - - - - |
| Consulting and professional fees | 61,552 5.2 | 188,865 22.7 59,865 7.5 |
| Total operating expenses | 976,788 83.3 | 946,181 113.6 731,057 91.3 |
| Income (loss) from operations | 182,954 15.6 | (152,839) ( 18.3) 61,348 7.7 |
| Other income (expense) | ||
| Rewards income | 2,481 .2 | 2 ,704 .3 2 ,317 .3 |
| Interest income | 18,932 1.6 | 14,188 1.7 - - |
| Total other income (expense) | 21,413 1.8 | 16,892 2.0 2 ,317 .3 |
| Net income (loss) | 204,367 17.4 % | (135,947) ( 16.3) % 63,665 8.0 % |
| Member's equity | ||
| Beginning of year | 49,159 | 164,697 216,032 |
| Capital contributions | 65,000 | 20,409 - |
| Distributions | - | - (115,000) |
| End of year | $ 318,526 | $ 49,159 $ 164,697 |
Source: Item 23 — RECEIPTS (FDD pages 51–215)
What This Means (2025 FDD)
According to Casa De Corazon's 2025 Franchise Disclosure Document, the income (loss) from operations in 2023 was a loss of ($152,839). This figure is derived from the financial statements which follow accounting principles generally accepted in the United States of America.
Specifically, the document provides a breakdown of revenues, cost of goods sold, and operating expenses. In 2023, Casa De Corazon had total revenues of $832,211 and a gross profit of $793,342. However, total operating expenses amounted to $946,181, resulting in the operating loss.
Prospective franchisees should carefully consider these figures as they reflect the financial performance of Casa De Corazon. Understanding the revenue streams and expense categories can help franchisees assess the financial viability of the franchise and identify areas for potential improvement or cost management. It's important to note that these figures are specific to the franchisor's operations and may not directly translate to the performance of individual franchise locations.