What were the total revenues for Craters & Freighters as of February 28, as shown in the Statement of Operations?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
ations**
| Period Ended February 28, | Amount | % of Rev |
|---|---|---|
| Revenues | $ 1,051,653 | 100.0% |
| Costs of Revenues | 596,482 | 56.7% |
| Gross Profit | 455,171 | 43.3% |
| General and Administrative Expenses | 231,122 | 22.0% |
| Income from Operations | 224,049 | 21.3% |
| Other Income, Net | 49,087 | 4.7% |
| NET INCOME | $ 273,136 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the company's statement of operations shows total revenues of $1,051,653 for the period ended February 28, 2025. This revenue figure represents 100% of the company's revenue for that period. The document also specifies that the cost of revenues was $596,482, which is 56.7% of the total revenue. This resulted in a gross profit of $455,171, representing 43.3% of the total revenue.
In addition to revenues and cost of revenues, the statement of operations includes general and administrative expenses, which amounted to $231,122, or 22.0% of the total revenue. After deducting these expenses from the gross profit, the income from operations was $224,049, which is 21.3% of the total revenue. The statement also accounts for other income, net, which was $49,087, representing 4.7% of the total revenue.
Finally, the net income for Craters & Freighters for the period ended February 28, 2025, was $273,136, which is 26.0% of the total revenue. It is important to note that these financials are unaudited, meaning they have not been verified by a certified public accountant. Prospective franchisees should be aware of this when considering the financial performance of Craters & Freighters.