What was the net income for Chocolate Bash in 2022?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
F DECEMBER 31, 2023 & DECEMBER 31, 2022 & DECEMBER 31, 2021
| Opening Equity Balance | Yearly Changes | Total | |
|---|---|---|---|
| Beginning Balance | $ (8,826) $ | - | $ (8,826) |
| Net Income for the period ending December 31, 2021 | - | 38,808 | 38,808 |
| Equity Contributions (Distributions) | - | 17,940 | 17,940 |
| Balance, December 31, 2021 | $ (8,826) | $ 56,7 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the net income for the period ending December 31, 2022, was $28,687. This figure represents the company's profit after all expenses were deducted from its revenues for that year. This information is derived from the Statement of Shareholders' Equity.
It's important to note that while Chocolate Bash had a net income of $28,687 in 2022, the equity contributions (or distributions) resulted in a reduction of $30,100. This means that overall, the balance for the year decreased by $1,413. This could be due to various factors, such as owner withdrawals or investments made during the year.
Prospective franchisees should consider the net income in conjunction with other financial metrics provided in the FDD, such as revenue, expenses, and cash flow, to gain a comprehensive understanding of Chocolate Bash's financial performance. Additionally, it's advisable to compare these figures with industry benchmarks and consult with a financial advisor to assess the financial viability of investing in a Chocolate Bash franchise.