What was the advertising revenue for Cinch I.T. in the restated 2020 year?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2021 | Restated 2020 | ||||
|---|---|---|---|---|---|
| REVENUE | |||||
| Franchise sales | 5 | 39,625 | S | 16,000 | |
| Advertising | 83,241 | 65,298 | |||
| Annual conference | 26,600 | ||||
| Royalties | 257,946 | 207.393 | |||
| Training | 142,500 | 45,000 | |||
| TOTAL REVENUE | - | 523,312 | 1 | 360,291 | |
| OPERATING EXPENSES | |||||
| Salaries and wages | 156,687 | 255.057 | |||
| Franchise acquisition and development | 38,809 | 27,165 | |||
| Insurance | 12,418 | 28,202 | |||
| Management fee | 75,000 | ||||
| Marketing | 113,640 | 112,112 | |||
| Misoellancous | 10,106 | 6,262 | |||
| Office | 1,086 | 1.730 | |||
| Professional fees and outside services | 20,493 | 18,141 | |||
| Rent | 3,000 | ||||
| Software | 18,327 | 23.915 | |||
| Taxes | |||||
| Other | 456 | - | |||
| Payroll | 12,947 | 24,224 | |||
| Travel and entertainment | 3,208 | 2.292 | |||
| TOTAL OPERATING EXPENSES | 466,177 | 499,100 | |||
| INCOME (LOSS) FROM OPERATIONS | 57,135 | (138,809) | |||
| OTHER EXPENSE - Interest | _ | -6 | 243 | ||
| NET INCOME (LOSS) BEFORE EXTRAORDINARY INCOME | 5 | 57,135 | s | (139,052) |
Source: Item 23 — RECEIPTS (FDD pages 60–269)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the advertising revenue for the company in the restated 2020 year was $65,298. This figure reflects the income Cinch I.T. received specifically from advertising-related activities during that period.
Understanding the advertising revenue can provide potential franchisees with insight into the effectiveness and financial scale of Cinch I.T.'s advertising and marketing efforts. It also gives a sense of how much income is generated through these activities, which can be crucial for assessing the overall financial health of the company.
However, it's important to note that this is just one component of the total revenue. Prospective franchisees should also consider other revenue streams, such as franchise sales, royalties, and training fees, to get a comprehensive view of Cinch I.T.'s financial performance. Additionally, comparing advertising revenue across multiple years (e.g., 2020 vs. 2021) can reveal trends and growth patterns that may influence a franchisee's investment decision.