What was the total income for Creative Colors in 2023?
Creative_Colors Franchise · 2025 FDDAnswer from 2025 FDD Document
pital, Beginning | 502,008 | 136,156 | - | 638,164 | | Distributions | (68,578) | (15,246) | | (83,824) | | Retained Earnings/Partners' Capital, Ending | $ 356,858 | $ 146,669 | $ - | $ 503,527 |
| Creative Colors International, Inc. | Creative Properties of Illinois, LLC | Consolidating Eliminations | Consolidated | |
|---|---|---|---|---|
| INCOME | ||||
| Franchise Fees | $ 202,561 | $ - | $ - | $ 202,561 |
| Royalties from Franchisees | 1,181,417 | - | - | 1,181,417 |
| Sales o |
Source: Item 23 — RECEIPT (FDD pages 69–217)
What This Means (2025 FDD)
According to Creative Colors' 2025 Franchise Disclosure Document, the total income for Creative Colors International, Inc. and its affiliate, Creative Properties of Illinois, LLC, in 2023 was $2,628,641. This consolidated figure includes several income streams. Specifically, Creative Colors International, Inc. individually generated $2,513,937 in income, while Creative Properties of Illinois, LLC contributed $114,704.
The income sources for Creative Colors International, Inc. include franchise fees amounting to $202,561, royalties from franchisees totaling $1,181,417, sales of supplies reaching $364,480, income from company stores at $602,365, and other sales contributing $163,114. Creative Properties of Illinois, LLC's income is solely from rental income, amounting to $114,704.
It's important to note that this is a consolidated figure, meaning it combines the income of the parent company and its affiliate. For a prospective franchisee, this information provides insight into the revenue streams of Creative Colors as a whole, showcasing the relative importance of royalties, franchise fees, and other sales. Understanding the different sources of income can help a franchisee assess the financial stability and potential growth areas of the Creative Colors franchise system.