What was the net income for Craters & Freighters in 2023?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
| 5,413,239 | $ 5,414,139 |
Statements of Cash Flows
| Years Ended December 31, | 2023 | 2022 |
|---|---|---|
| Change in Cash and Cash Equivalents: | ||
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the company's net income for the year ending December 31, 2023, was $2,633,230. This figure is derived from the audited financial statements included in the FDD. These statements provide a detailed overview of Craters & Freighters' financial performance and position.
This net income figure is a key indicator of Craters & Freighters' profitability and overall financial health. Prospective franchisees may use this information to assess the financial stability of the franchisor and to understand the context of the fees they will pay. It is important to note that while this reflects the franchisor's financial performance, it does not directly indicate the potential profitability of an individual franchise unit.
In addition to net income, the FDD provides other financial details, such as cash flows from operating, investing, and financing activities, as well as a balance sheet detailing assets, liabilities, and equity. Reviewing these statements in their entirety will give potential franchisees a more complete picture of Craters & Freighters' financial condition. It is advisable to consult with a financial advisor to fully understand the implications of these financial statements.