What was the total Crawlspace Medic revenue from other income for the year ended December 31, 2021?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
0 |
STATEMENTS OF OPERATIONS AND CHANGES IN MEMBER'S EQUITY CSM FRANCHISE GROUP, LLC
| For the Years Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2023 2022 | 2021 | |||||
| Revenues | ||||||
| Royalties | $ | 1,572,312 | $ | 1,090,613 | $ | 795,900 |
| Franchise fees | 53,100 | 50,000 | 455,000 | |||
| Brand advertising fee | 221,786 | 185,150 | 94,219 | |||
| Technology and other fees | 206,644 | 67,260 | 45,725 | |||
| Management fees | - | 19,455 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the total revenue from other income for the year ended December 31, 2021, was $22,465. This figure is part of the overall revenue calculation for that year, which totaled $1,437,309.
Other income can include various sources of revenue outside of the typical royalties, franchise fees, and advertising fees. For a prospective franchisee, understanding the composition of this 'other income' could provide insights into additional revenue streams or potential opportunities that Crawlspace Medic is exploring.
It's important to note that while $22,465 is the reported 'other income,' franchisees should inquire about what specifically constitutes this income. Understanding the nature of this income can help a franchisee assess whether similar opportunities might be available to them, or if these income sources are unique to the franchisor's operations.