What was the income before taxes for Corporate Cleaning Group in 2023?
Corporate_Cleaning_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| | | | Total Members' Equity | 12,202 | 65,986 | 134,391 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | $ 906,345 | $ 932,997 | $ 578,866 |
| 2024 | Percent of Sales | 2023 | Percent of Sales | 2022 | Percent of Sales | |
|---|---|---|---|---|---|---|
| NET SALES | $1,882,990 | 100.00 % | $1,351,646 | 100.00 % | $1,064,980 | 100.00 % |
| Total Income | 1,882,990 | 100.00 | 1,351,646 | 100.00 | 1,064,980 | 100.00 |
| GENERAL AND ADMINISTRATIVE EXPENSES | 1,746,779 | 92.77 | 1,058,008 | 78.28 | 900,046 | 84.51 |
| Operating Income | 136,211 | 7.23 | 293,638 | 21.72 | 164,934 | 15.49 |
| OTHER INCOME (EXPENSE) Depreciation expense Other expense Other income | (5,359) | (0.28) 0.00 0.44 | (3,959) (50) 3,972 | (0.29) (0.00) 0.29 | (655) | (0.06) (0.00) 0.00 |
| Total Other Income (Expense) | 2,885 | 0.15 | (37) | (0.00) | (656) | (0.06) |
| INCOME BEFORE TAXES | 139,096 | 7.39 | 293,601 | 21.72 | 164,278 | 15.43 |
| PROVISION FOR INCOME TAXES | (4,500) | (0.24) | (11,000) | (0.81) | (7,000) | (0.66) |
| NET INCOME | $ 134,596 | 7.15 % | $ 282,601 | 20.91 % | $ 157,278 | 14.77 % |
| 1 | Members' Equity | |||||
| ----------------------------- | ---- | -------------------- | ||||
| BALANCES, January 1, 2022 | $ | 158,649 | ||||
| 2022 Distributions | (181,536) | |||||
| 2022 Net Income | 157,278 | |||||
| BALANCES, December 31, 2022 | 134,391 | |||||
| 2023 Distributions | (351,006) | |||||
| 2023 Net Income | 282,601 | |||||
| BALANCES, Decemb |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to Corporate Cleaning Group's 2025 Franchise Disclosure Document, the income before taxes for the company in 2023 was $293,601. This figure represents the company's profitability before accounting for income taxes, providing a view of its operational efficiency. It is calculated by subtracting total expenses from total income, but before deducting any income tax expenses.
For a prospective franchisee, this number offers insight into the financial health and stability of Corporate Cleaning Group. A higher income before taxes suggests a more robust and profitable business model, which can be an attractive indicator for potential investors. It demonstrates the company's ability to generate revenue and manage expenses effectively.
However, it is important to note that this figure does not reflect the net income, which is the profit remaining after taxes are paid. The provision for income taxes for 2023 was ($11,000), which when subtracted from the income before taxes, results in a net income of $282,601. Franchisees should consider both income before taxes and net income when evaluating the financial performance of Corporate Cleaning Group.