What was the amount of 'other income' reported by Counselor Realty in 2022?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024, 2023 and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues | |||
| Monthly franchise fees | $ 57,634 | $ 63,751 | $ 73,235 |
| Monthly metro advertising fees | 3,480 | 2,880 | 3,600 |
| Other income | 9,432 | 2,748 | 1,447 |
| Total revenues | 70,546 | 69,379 | 78,282 |
| Expenses | 74,513 | 78,252 | 61,402 |
| Income (loss) before income taxes | (3,967) | (8,873) | 16,880 |
| Provision for Income Taxes | - | - | 5,100 |
| Net income (loss) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company reported $1,447 as 'other income' for the year 2022. This figure is part of the company's revenue, which also includes monthly franchise fees and monthly metro advertising fees.
For a prospective franchisee, understanding the different revenue streams of Counselor Realty is crucial. 'Other income' may consist of various sources, and it's important to understand what these sources are to assess the financial stability and potential growth of the franchise. Knowing the composition of Counselor Realty's revenue can help a franchisee evaluate the overall financial health of the company.
The FDD also provides figures for 'other income' in 2024 ($9,432) and 2023 ($2,748), allowing for a year-over-year comparison. This information, combined with the details on franchise fees and advertising fees, offers a comprehensive view of the company's financial performance over the three-year period presented in the document.
Reviewing these financial statements in detail, including the notes, is a standard practice when evaluating a franchise opportunity. It allows potential franchisees to make informed decisions based on the franchisor's financial history and current financial standing.