What was the net income for Clean Your Dirty Face in 2023?
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 2023 was $531,500. This figure reflects the company's profitability after accounting for all revenues and expenses during that year.
For a prospective franchisee, the net income of the franchisor can be an important indicator of the overall financial health and stability of the franchise system. A higher net income generally suggests that the franchisor is operating efficiently and generating sufficient profits to support its operations and provide services to franchisees. However, it is essential to consider this figure in conjunction with other financial metrics and qualitative factors, such as the franchisor's growth rate, brand reputation, and support systems.
It's also important to note that the net income reported in the FDD represents the franchisor's financial performance at the corporate level and may not directly reflect the potential profitability of individual franchise units. Prospective franchisees should conduct their own due diligence and financial analysis to assess the potential returns and risks associated with investing in a Clean Your Dirty Face franchise.