What was the amount of the Back to Business grant received by Cd One Price Cleaners?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
| Restated | ||||
|---|---|---|---|---|
| Revenues: | ||||
| Royalty/license fees | $ 2,130,646 | $ 2,005,118 | ||
| Marketing fund fees | 1,166,394 | 1,111,992 | ||
| Franchise fees | 8,000 | 39,000 | ||
| Economic injury disaster grant | 11,515 | - | ||
| Back to Business grant | - | 150,000 | ||
| Investment income (loss), net | 857,779 | (552,976) | ||
| Other income | 22,000 | 18,500 | ||
| Total revenues | 4,196,334 | 2,771,634 |
Source: Item 23 — Receipts (FDD pages 72–263)
What This Means (2025 FDD)
According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the company received a Back to Business grant of $150,000. This grant is listed as part of the company's revenues. The FDD also lists an Economic Injury Disaster Grant of $11,515.
For a prospective franchisee, this indicates that Cd One Price Cleaners has been able to secure and utilize external funding sources to support its operations. This may reflect positively on the franchisor's financial management and ability to navigate economic challenges.
However, it's important to note that the Economic Injury Disaster Grant is listed as a revenue in one period but not in the restated financials, while the Back to Business grant is only listed in the restated financials. A potential franchisee should inquire about the specific conditions and implications of these grants, as well as the franchisor's strategy for obtaining and managing such funds in the future.