What were the total royalties Crawlspace Medic collected in 2023?
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, |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the total royalties collected by Crawlspace Medic in 2023 amounted to $1,572,312. This figure represents the income Crawlspace Medic received from its franchisees based on a percentage of their sales. Royalties are a primary revenue stream for franchisors like Crawlspace Medic.
For a prospective franchisee, this number indicates the scale of the Crawlspace Medic franchise system and its revenue generation capacity. It is important to note that this figure does not represent the profitability of the franchise, but rather the gross royalties collected before expenses.
Understanding the royalty structure is crucial for potential franchisees. They should carefully review the FDD to understand how royalties are calculated (typically a percentage of gross sales) and when they are due. This information, combined with their own sales projections, will help them estimate their royalty obligations to Crawlspace Medic.