What was the amount of distributions to members from Chesters International, LLC in 2023?
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 distributions to members in 2023 were $1,820,272. This is a significant figure for prospective franchisees to consider, as it reflects the amount of profits distributed to the owners or members of Chesters International, LLC during that year.
Understanding the distribution amounts can provide insight into the financial health and profitability of Chesters. A higher distribution amount may indicate strong financial performance, while a lower amount could suggest challenges in profitability or reinvestment of profits back into the company.
It's also important to note that the distributions to members can fluctuate from year to year, as seen by the $831,314 distribution in 2022. Prospective franchisees should analyze these trends over several years to gain a comprehensive understanding of Chesters's financial performance and distribution policies. This information, combined with other financial metrics, can help potential franchisees assess the overall financial stability and potential returns of investing in a Chesters franchise.