What was the net income for Craters & Freighters at the end of the 2023 fiscal year?
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: | ||
| Cash Flows from Opera |
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 offer a detailed overview of Craters & Freighters' financial performance and position. The FDD includes balance sheets, income statements, statements of cash flow, and statements of shareholder equity. These statements are crucial for prospective franchisees to assess the financial health and stability of Craters & Freighters.
Understanding the net income is essential for potential franchisees as it provides insight into the profitability of Craters & Freighters. A strong net income indicates that the company is generating significant profits after accounting for all expenses, which can be a positive indicator for franchisees considering investing in the brand. It reflects the overall financial performance of Craters & Freighters and its ability to manage its operations effectively.
It is important for prospective franchisees to review the audited financial statements and related notes in their entirety to gain a comprehensive understanding of Craters & Freighters' financial condition. Analyzing these statements in conjunction with other information provided in the FDD can help franchisees make informed decisions about their investment. Additionally, consulting with a financial advisor or accountant is recommended to interpret the financial statements and assess the potential risks and rewards associated with investing in a Craters & Freighters franchise.