What was the gross profit for Coffee News in the second fiscal year presented?

According to Coffee News' 2025 Franchise Disclosure Document, the financial statements include activities for the years 2022, 2023, and 2024. Therefore, the second fiscal year presented is 2023. The provided financial statements show that Coffee News had a gross profit of $627,138 in 2023.

Gross profit is a key indicator of Coffee News's profitability, representing the revenue remaining after deducting the direct costs associated with providing services and products. For a prospective franchisee, understanding the gross profit trend helps assess the financial health and potential earnings of the franchisor. A consistent or growing gross profit suggests efficient management and a viable business model.

It is important to note that while gross profit indicates the company's efficiency in managing costs of goods and services, it does not reflect other operating expenses, interest, taxes, or other factors that affect net income. Therefore, potential franchisees should review the complete financial statements, including the income statement, balance sheet, and cash flow statement, to gain a comprehensive understanding of Coffee News's financial performance.