What was the net income for Craters & Freighters in 2024?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Years Ended December 31, | 2024 | 2023 |
|---|---|---|
| Change in Cash and Cash Equivalents: | ||
| Cash Flows from Operating Activities: | ||
| Net Income | $ 1,355,336 |
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, 2024, was $1,355,336. This figure represents the profit Craters & Freighters earned after deducting all expenses from its revenues during that fiscal year.
For a prospective franchisee, understanding the franchisor's net income is crucial as it provides insight into the financial health and stability of the company. A higher net income generally indicates a more successful and sustainable business model, which can be reassuring for individuals considering investing in a Craters & Freighters franchise.
However, it's important to consider this figure in the context of Craters & Freighters' overall financial performance over several years. The FDD also shows that the net income for the year ending December 31, 2023 was $2,633,230. A significant decrease in net income from 2023 to 2024 could signal potential challenges or changes in the business that a potential franchisee should investigate further. Reviewing the complete financial statements and discussing these trends with the franchisor can provide a more comprehensive understanding of the company's financial situation.