What was the total revenue 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 total revenue for 2023 was $775,595. This revenue is comprised of franchise fees totaling $500,000, royalties amounting to $274,895, and support services contributing $700. In comparison, the total revenue for 2024 was $895,295, showing an increase from the previous year.
For a prospective franchisee, understanding the revenue streams of Clean Your Dirty Face is crucial. The majority of the revenue in 2023 came from franchise fees, which are typically collected upfront when new franchises are sold. Royalties, on the other hand, represent ongoing payments from existing franchisees based on their sales. The relatively small amount from support services suggests that this is not a major revenue driver for the franchisor.
It's important to note that while the total revenue provides an overview of Clean Your Dirty Face's financial performance, it doesn't reflect profitability or the expenses incurred to generate that revenue. A potential franchisee should also review the operating expenses, which totaled $315,395 in 2023, to get a complete picture of the company's financial health. Additionally, examining the trend in revenue and expenses over multiple years can provide insights into the stability and growth potential of the franchise system.
Furthermore, the net income for Clean Your Dirty Face in 2023 was $531,500. This figure represents the profit remaining after deducting all operating expenses from the total revenue. Analyzing both the total revenue and net income helps prospective franchisees assess the overall financial efficiency and profitability of the Clean Your Dirty Face franchise system.