What was the total other income (expense) for Cilantro Taco Grill in 2022?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
ilities | $ - $ - - - | | Total liabilities | - - | | Member's equity (deficit) | 98,177 100,000 | | Total liabilities and member's equity (deficit) | $ 98,177 $ 100,000 |
CTG Franchise, LLC STATEMENTS OF OPERATIONS For the years ended December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Operating Revenues | ||
| Franchise fee revenue | $ - | $ - |
Source: Item 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, Cilantro Taco Grill's total other income (expense) in 2022 was reported as zero. This indicates that the company's income from sources other than its primary operating activities was offset by other expenses, resulting in a net balance of zero for that year.
For a prospective franchisee, understanding the franchisor's other income and expenses can provide insights into the financial stability and diversification of the company's revenue streams. While a zero balance doesn't inherently indicate a problem, it's important to consider the context. It could mean Cilantro Taco Grill had neither significant additional income nor expenses outside of its core franchise operations during that period.
A potential franchisee might want to inquire further about the typical sources of other income or expenses for Cilantro Taco Grill and whether this zero balance is consistent with the company's historical performance. Understanding these details can help in assessing the overall financial health and potential risks associated with investing in a Cilantro Taco Grill franchise.