What was the amount of member distributions for Crisp & Green in 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| BALANCE - DECEMBER 31, 2020 | $ 1,205,873 |
|---|---|
| Net Income | 1,737,797 |
| Distributions | (915,859) |
| BALANCE - DECEMBER 31, 2021 | 2,027,811 |
| Net Income | 3,881,136 |
| Distributions | (2,971,018) |
| BALANCE - DECEMBER 31, 2022 | 2,937,929 |
| Net Income | 4,444,324 |
| Distributions | (4,510,497) |
| BALANCE - DECEMBER 31, 2023 | $ 2,871,756 |
CRISP & GREEN FRANCHISING LLC STATEMENTS OF CASH FLOWS YEARS ENDED DECEMBER 31, 2023, 2022, AND 2021
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net Income | $ 4,444,324 | $ 3,881,136 | $ 1,737,797 |
| Adjustments to Reconcile Net Income to Net Cash | |||
| Provided by Operating Activities: | |||
| Changes in Operating Assets and Liabilities: | |||
| Accounts Receivable | 1,644,628 | (1,420,263) | (658,819) |
| Deferred Costs | 158,797 | (1,078,419) | (2,247,000) |
| Accounts Payable | 32,312 | 2,136 | - |
| Deferre |
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the member distributions for 2022 were $2,971,018. This figure represents the amount of money distributed to the members or owners of the Crisp & Green Franchising LLC during that year. Member distributions are a key indicator of the financial health and profitability of the franchising entity.
For a prospective franchisee, understanding the member distributions can provide insight into how the company manages its finances and shares profits. A consistent history of member distributions may suggest financial stability and a commitment to returning value to its members. However, it is important to consider these distributions in the context of the company's overall financial performance, including revenues, expenses, and net income.
It's also worth noting that member distributions can fluctuate from year to year based on various factors, such as changes in profitability, investment decisions, and strategic priorities. Therefore, franchisees should review these figures in conjunction with other financial statements and seek clarification from Crisp & Green regarding any significant changes or trends. Analyzing these distributions in the broader financial context helps potential franchisees assess the long-term viability and attractiveness of the franchise opportunity.