What was the amount of Chesters' distribution to members in 2022?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
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CHESTER'S INTERNATIONAL, LLC STATEMENTS OF INCOME AND MEMBERS' EQUITY FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |
|---|---|---|
| SALES | $ 51,619,527 | $ 46,103,618 |
| COST OF SALES | 33,882,255 | 29,397,777 |
| GROSS PROFIT | 17,737,272 | 16,705,841 |
| SELLING AND ADMINISTRATIVE EXPENSES | 15,132,464 | 13,944,251 |
| OPERATING INCOME | 2,604,808 | 2,761,590 |
| OTHER INCOME (EXPENSE) | ||
| Interest income | 20,370 | 125 |
| Other income | 96,706 | 93,840 |
| Interest expense | (139,101) | (162,422) |
| Total other expense | (22,025) | (68,457) |
| NET INCOME | 2,582,783 | 2,693,133 |
| MEMBERS' EQUITY AT BEGINNING |
Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the distribution to members in 2022 was $831,314. This figure represents the amount of money distributed from Chesters to its members during that fiscal year.
For a prospective franchisee, understanding the distributions to members can provide insight into the financial management and profitability of Chesters. While distributions decrease the company's equity, they also indicate that Chesters is generating enough profit to share with its members.
It's important to note that distributions are not necessarily indicative of the overall financial health of the company. Franchisees should consider this figure in conjunction with other financial metrics, such as revenue, expenses, and net income, to gain a comprehensive understanding of Chesters's financial performance. Reviewing these figures over several years, as presented in the table, can reveal trends and provide a more informed perspective.