What was the operating income for Corporate Cleaning Group in 2024?
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 EXPE |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to Corporate Cleaning Group's 2025 Franchise Disclosure Document, the operating income for the company in 2024 was $136,211, representing 7.23% of net sales. This figure is derived from net sales of $1,882,990 and total general and administrative expenses of $1,746,779 for the same year.
When evaluating the financial performance of Corporate Cleaning Group, it's important to consider the trend in operating income over the past three years. In 2023, the operating income was $293,638 (21.72% of sales), and in 2022, it was $164,934 (15.49% of sales). The decrease in operating income from 2023 to 2024 should be examined to understand the factors contributing to this change. Potential franchisees should inquire about the reasons for this fluctuation, such as increased expenses or decreased sales.
Understanding the components of general and administrative expenses is also crucial. These expenses include costs related to running the business, such as salaries, rent, utilities, and other overhead costs. A detailed breakdown of these expenses would provide further insight into the company's cost structure and efficiency. Reviewing these figures in relation to net sales provides a clearer picture of the company's profitability and operational effectiveness.
Prospective franchisees should also compare these figures to industry benchmarks to assess Corporate Cleaning Group's financial performance relative to its competitors. This comparative analysis can help in evaluating the attractiveness of the franchise opportunity and identifying potential areas for improvement.