What was the member's equity for Clean Your Dirty Face in 2023?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
| $ 607,813 | $ | 531,500 | $ 205,324 | |
Statements of Member's Equity December 31, 2024 and 2023
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Member's Equity | ||||||
| Beginning of year | $ | 470,036 | $ | (426,416) | ||
| Net income | 607,813 | 531,500 | ||||
| Member's contributions | 340,000 | 1,004,952 | ||||
| Member's distrib |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the member's equity at the end of 2023 was $470,036. This figure represents the ownership stake in the company held by its members after accounting for all assets and liabilities. It is a key indicator of the company's financial health and stability.
The statement of member's equity provides a breakdown of how this equity changed over the course of the year. The beginning of the year equity was listed as ($426,416). During 2023, Clean Your Dirty Face had a net income of $531,500, member contributions of $1,004,952, and member distributions of ($640,000). These factors contributed to the total member's equity at the end of the year.
Prospective franchisees should consider the trend in member's equity when evaluating the financial stability of Clean Your Dirty Face. A consistently positive and growing member's equity generally indicates a healthy and well-managed franchise system. Reviewing the components of the equity, such as net income, member contributions, and distributions, can provide further insights into the company's financial performance and how it manages its profits and investments.