What were the total revenues 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 |
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 revenues for the company in 2022 were $800,294. This figure represents the combined income from various sources, including franchise fees, brand fund fees, royalty fees, technology fees, training fees, and sales of products. Franchise fees in 2022 amounted to $270, brand fund fees totaled $333,990, and royalty fees reached $448,961. Additionally, Casa De Corazon earned $14,297 from training fees and $2,776 from product sales during the same year. There were no technology fees recorded for 2022.
For a prospective Casa De Corazon franchisee, understanding the revenue composition is crucial. It highlights the relative importance of different revenue streams, with royalty and brand fund fees constituting the bulk of the income. The initial franchise fees appear to be a smaller portion of the overall revenue. This breakdown can help franchisees anticipate the types of ongoing fees they will be responsible for and how those fees contribute to the franchisor's revenue.
It's also important to note the expenses associated with generating this revenue. In 2022, Casa De Corazon had a cost of goods sold, specifically for franchise curriculum, amounting to $7,889. This resulted in a gross profit of $792,405. Additionally, the FDD lists various operating expenses, such as insurance ($17,190) and advertising ($303,582), which further impact the net profitability of Casa De Corazon. Prospective franchisees should consider these expenses when evaluating the financial health and stability of the franchise system.