What were the total revenues for Cd One Price Cleaners as of December 29, 2023?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
rebate is determined semiannually at June 30 and at year end. Franchises meeting the eligibility criteria begin receiving their rebates in the form of credits applied against royalty payments due
Source: Item 22 — Contracts (FDD page 72)
What This Means (2025 FDD)
According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the document does not explicitly state the total revenues for the company as of December 29, 2023. However, the audit report included in the FDD does contain a statement of income.
While the total revenue figure is not provided, the document does mention royalty rebates issued by Cd One Price Cleaners. During the year ended December 29, 2023, the company issued royalty rebates of $376,275. These rebates are equivalent to 1% of revenue for franchisees in compliance with the franchise agreement and are netted against royalty/license fees revenue in the statements of income.
To determine the total revenues for Cd One Price Cleaners as of December 29, 2023, a prospective franchisee should review the complete audited financial statements included in the FDD. If the full revenue figure is not present, they should consider asking the franchisor directly for this information to gain a clearer understanding of the company's financial performance.