What was the net income for Craters & Freighters for the year 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: | ||
| 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, providing prospective franchisees with insights into the company's profitability.
Understanding the net income is crucial for potential franchisees as it reflects the overall financial health and profitability of Craters & Freighters. A strong net income suggests that the company is well-managed and has a solid business model. This can be a positive indicator for franchisees, as it implies that the franchisor is stable and capable of supporting its franchisees.
It is important to note that while the net income provides a snapshot of Craters & Freighters' financial performance, it should be evaluated in conjunction with other financial metrics and information provided in the FDD. Prospective franchisees should carefully review the complete financial statements, including the balance sheets, statements of cash flow, and related notes, to gain a comprehensive understanding of the company's financial condition and performance.