What was the net income 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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to Corporate Cleaning Group's 2025 Franchise Disclosure Document, the company's net income for the year 2023 was $282,601. This figure represents the profit Corporate Cleaning Group retained after deducting all expenses, including the provision for income taxes of $11,000, from its income before taxes, which was $293,601. Net income is a key indicator of a company's profitability and financial health.
For a prospective Corporate Cleaning Group franchisee, understanding the franchisor's net income can provide insights into the stability and potential success of the franchise system. A healthy net income suggests that the franchisor is managing its finances effectively and has the resources to support its franchisees. It also indicates the franchisor's ability to reinvest in the brand, develop new technologies, and provide ongoing support to franchisees.
However, it's important to consider net income in conjunction with other financial metrics and qualitative factors. Franchisees should also review Corporate Cleaning Group's revenue trends, expense structure, and cash flow statements to gain a comprehensive understanding of its financial performance. Additionally, prospective franchisees should speak with existing franchisees to gather their perspectives on the franchisor's financial health and support.