What was the total other income for Casa De Corazon in 2024?
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 % |
Source: Item 23 — RECEIPTS (FDD pages 51–215)
What This Means (2025 FDD)
According to Casa De Corazon's 2025 Franchise Disclosure Document, the total other income for the company in 2024 was $21,413. This figure is comprised of two components: rewards income of $2,481 and interest income of $18,932. These incomes represent a small percentage (1.8%) of the total revenue for the year.
For a prospective franchisee, understanding the sources of income for Casa De Corazon is crucial. While franchise, brand fund, and royalty fees constitute the bulk of the revenue, other income sources like rewards and interest contribute a small but potentially significant amount to the overall financial health of the company. This insight can help franchisees assess the stability and diverse revenue streams of the franchisor.
It's important to note that these figures are based on the company's financial performance as of December 31, 2024. Future performance may vary, and prospective franchisees should consider these numbers as a snapshot in time. Reviewing trends over multiple years, as presented in the table, can provide a more comprehensive understanding of the company's financial trajectory.