What were the reported revenues for the Crawlspace Medic - Charlotte location in 2023?
Crawlspace_Medic Franchise · 2024 FDDAnswer 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 | |---------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the reported revenue for the Crawlspace Medic - Charlotte location in 2023 was not available. The provided table in Item 21 shows revenue information for 2021, but for 2022 and 2023, the revenue is listed as "$ -" for the Charlotte location.
This lack of specific revenue data for 2023 makes it difficult for potential franchisees to assess the recent financial performance of the Charlotte location. The table does show that in 2021, the Charlotte location had revenues of $3,880. However, without more recent data, it is impossible to determine any trends or current performance.
A prospective franchisee should inquire with Crawlspace Medic about the reasons for the missing 2022 and 2023 revenue data for the Charlotte location. They should also request more detailed financial information for that specific location to make an informed investment decision. Understanding the reasons behind the lack of data is crucial for assessing the risk and potential of investing in a Crawlspace Medic franchise.