What was the net income for Clean Your Dirty Face in 2022?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
06,990 | $ | 1,325,718 |
Statements of Income For the Years Ended December 31, 2024, 2023, and 2022
| 2024 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Revenue | |||||
| Franchise fees | $ 475,000 | $ | 500,000 | $ 387,002 | |
| Royalties | 419,495 | 274,895 | 184,362 | ||
| Support services | 800 | 700 | 4,000 | ||
| Total Revenue | 895,295 | 775,595 | 575,364 | ||
| Operating Expenses | |||||
| Payroll and related expenses | 276,676 | 228,156 | 252,041 | ||
| Marketing | 35,432 | 58,666 | 70,733 | ||
| Professional fees | 26,705 | 24,013 | 41,866 | ||
| Office | 3,708 | 20 | 3,362 | ||
| Travel | 2,798 | 390 | 838 | ||
| Licenses and renewals | 1,455 | 900 | 1,200 | ||
| Insurance | - | 3,250 | - | ||
| Total Operating Expenses | 346,774 | 315,395 | 370,040 | ||
| Other Income | |||||
| Interest | 342 | 5,808 | - | ||
| Dividends | 56,637 | 2,298 | - | ||
| Insurance reimbursement | 2,313 | - | - |
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 company's net income for the year 2022 was $205,324. This figure represents the profit Clean Your Dirty Face retained after deducting all operating expenses from its total revenue for that year. The franchisor's revenue streams include franchise fees, royalties, and support services. Operating expenses include payroll, marketing, professional fees, and other administrative costs.
For a prospective franchisee, the net income of the franchisor can be an indicator of the overall financial health and stability of the Clean Your Dirty Face franchise system. A higher net income generally suggests a more robust and profitable business model, which can be reassuring for individuals considering investing in the franchise. It demonstrates the franchisor's ability to manage its finances effectively and generate profit from its operations.
However, it is important to note that the franchisor's net income does not directly translate to the potential profitability of an individual franchise unit. A franchisee's success will depend on various factors, including their location, management skills, local market conditions, and ability to adhere to the Clean Your Dirty Face system. Therefore, while the franchisor's financial statements provide valuable insights, prospective franchisees should also conduct their own due diligence and financial projections to assess the potential profitability of their specific franchise location.
Furthermore, the FDD includes an Independent Auditors' Report which states that they have also audited the statement of income of Mud Franchising LLC for the year ended December 31, 2022. The audit report expressed an unmodified opinion on the accompanying 2022 statement of income. The 2022 statement of income is presented for comparative purposes only and is not a required part of the basic financial statements and it is not intended to be a complete presentation of the Company's assets, liabilities, member's equity, revenues, and expenses.