What was the total revenue for Corner Bakery Cafe in 2024?
Corner_Bakery_Cafe Franchise · 2025 FDDAnswer from 2025 FDD Document
Total liabilities and member equity | $ | 6,465,020 | $ | 6,444,201 |
Statement of Operations For the Reporting Periods ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Revenues: | ||
| Franchise royalty fees, net | $ 3,194,479 | $ 1,854,746 |
| Advertising fund fees | 1,538,326 | 893,409 |
| Other franchise fees | 151,851 | 33,117 |
| Total revenues | 4,884,656 | 2,781,272 |
| Expenses: | ||
| Selling, general and administrative expenses | 1,046,864 | 213,555 |
| Advertising fund expenses | 1,011,347 | 893,409 |
| Management fees | 1,637,548 | 944,460 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Corner Bakery Cafe's 2025 Franchise Disclosure Document, the total revenue for the company in 2024 was $4,884,656. This revenue is comprised of franchise royalty fees, advertising fund fees, and other franchise fees. Franchise royalty fees, net, amounted to $3,194,479, advertising fund fees totaled $1,538,326, and other franchise fees contributed $151,851 to the total revenue.
For a prospective Corner Bakery Cafe franchisee, understanding the revenue streams of the franchisor is crucial. The majority of Corner Bakery Cafe's revenue comes from franchise royalty fees, which are likely based on a percentage of the franchisee's gross sales. A smaller portion comes from advertising fees, which are used to promote the brand, and other fees, which cover items such as technology and IT support.
It's also important to note that the FDD includes a breakdown of expenses, such as selling, general, and administrative expenses, advertising fund expenses, management fees, and amortization expense. These expenses totaled $4,738,031 in 2024, resulting in a net income of $146,625 for Corner Bakery Cafe. This information provides insight into the financial health and profitability of the franchisor, which can be a key factor in a franchisee's decision-making process.