What was the net income for Clean Your Dirty Face in 2024?
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 2024 was $607,813. This figure represents the profit Clean Your Dirty Face retained after deducting all operating expenses from its total revenue. In comparison, the net income for 2023 was $531,500, and for 2022 it was $205,324.
For a prospective franchisee, this information is useful in understanding the financial performance and profitability trends of Clean Your Dirty Face. A consistent increase in net income over the years, as seen from 2022 to 2024, may indicate a healthy and growing franchise system. This can be a positive indicator for potential franchisees as it suggests the franchisor is managing the business effectively and is capable of generating profit.
It is important to note that while the net income provides a snapshot of the franchisor's financial health, it does not directly translate to the potential earnings of an individual franchise. A prospective franchisee should also consider other factors such as the initial investment, ongoing fees, and their own operational capabilities when evaluating the franchise opportunity. Reviewing the complete financial statements and consulting with a financial advisor is recommended to gain a comprehensive understanding of the financial aspects of investing in a Clean Your Dirty Face franchise.