factual

What was the income from operations for Crawlspace Medic in 2021?

Crawlspace_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

0, respectively.

NOTE C -- ROYALTY FEES RECEIVABLE

Royalty fees receivable consist of the following at December 31:

Location 2023 2022 2021
Crawlspace Medic - $ - $ - $ 3,880
Charlotte
Crawlspace Medic - -

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)

What This Means (2024 FDD)

Based on the 2024 Franchise Disclosure Document, the provided excerpts do not contain a consolidated income statement or comprehensive profit and loss statement for Crawlspace Medic. While there is a table that lists income for specific Crawlspace Medic locations, it does not provide a complete picture of the company's overall "income from operations" for 2021. The table includes the income for Charlotte ($3,880), Columbia ($4,448), and Nashville ($1,644) totaling $9,972.

Without a full financial statement, it is impossible to determine Crawlspace Medic's total revenue, cost of goods sold, operating expenses, and other income/expenses to arrive at the income from operations. The FDD includes financial statements, but these statements do not break out the specific "income from operations" figure that was requested. The financial statements do include information on related party transactions and royalties received from corporate locations, but these are not the same as the overall operational income.

A prospective franchisee should request the complete audited financial statements for Crawlspace Medic, including the income statement, to fully understand the franchisor's financial performance and profitability. This will provide a clearer picture of the company's financial health and stability. It is also important to understand the context of the location data provided, as it is unclear if these are franchised or corporate locations.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.