What were the Crawlspace Medic - Columbia revenues in 2020?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
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NOTE C -- ROYALTY FEES RECEIVABLE
Royalty fees receivable consist of the following at December 31:
| Location | 2022 | 2021 | 2020 | |||
|---|---|---|---|---|---|---|
| Crawlspace Medic - | $ | - | $ | 3,880 | $ 5,239 | |
| Charlotte | ||||||
| Crawlspace Medic - | - | 4,448 | 6,492 | |||
| Columbia | ||||||
| Crawlspace Medic - | - | 1,644 | - | |||
| Nashville | ||||||
| Cr |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the Crawlspace Medic - Columbia location had revenues of $6,492 in 2020. This figure represents the revenue generated by that specific corporate location during that year.
It is important to note that this data reflects the performance of a corporate-owned location, not a franchised location. While it can provide some insight into the potential market demand for Crawlspace Medic's services in the Columbia area, it should not be taken as a guarantee of similar performance for a new franchise.
A prospective franchisee should inquire about the factors that contributed to the Columbia location's revenue in 2020, as well as any changes in market conditions or the company's operations that could affect future performance. Understanding the dynamics behind these figures is crucial for making an informed investment decision.