What was the net income (loss) for Casa De Corazon in 2022?
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 net income for the company in 2022 was $63,665. This figure represents the result of Casa De Corazon's revenues less all expenses, including cost of goods sold and operating expenses, for the year. It provides a snapshot of the brand's overall profitability during that period.
Specifically, the revenues for Casa De Corazon in 2022 totaled $800,294, derived from franchise fees, brand fund fees, royalty fees, sales of products, and training fees. The cost of goods sold amounted to $7,889, resulting in a gross profit of $792,405. Operating expenses, including advertising, management fees, and other costs, totaled $731,057. After accounting for other income, the net income (loss) was $63,665.
It is important to note that these figures are based on the company's financial statements as of December 31, 2022, and were audited by an independent auditor. Prospective franchisees should carefully review these financial statements and consult with a financial advisor to assess the financial health and stability of Casa De Corazon before making any investment decisions. Understanding the historical financial performance of a franchisor is a critical step in evaluating the potential risks and rewards of investing in a franchise.