What was the total amount of Crisp & Green's technology revenue in 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| ASSETS | |||
| CURRENT ASSETS | $ 100 | $ 2,537 | $ 287 |
| Cash | |||
| Accounts Receivable | 519,829 | 2,164,457 | 744,194 |
| Total Current Assets | 519,929 | 2,166,994 | 744,481 |
| OTHER ASSETS Deferred Franchise Costs Due from Parent | 3,166,622 6,631,953 | 3,325,419 5,622,852 | 2,247,000 3,532,630 |
| Total Assets | $ 10,318,504 | $ 11,115,265 | $ 6,524,111 |
| LIABILITIES AND MEMBER'S EQUITY | |||
| CURRENT LIABILITIES | $ 34,448 | $ 2,136 | $ - |
| Accounts Payable | |||
| LONG TERM LIABILITIES | 7,412,300 | 8,175,200 | 4,496,300 |
| Deferred Revenue | |||
| Total Liabilities | 7,446,748 | 8,177,336 | 4,496,300 |
| MEMBER'S EQUITY | 2,871,756 | 2,937,929 | 2,027,811 |
| Total Liabilities and Member's Equity | $ 10,318,504 | $ 11,115,265 | $ 6,524,111 |
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the company's technology revenue for 2022 was $162,495. This figure is part of the overall revenue the company generated from various sources, including royalties, marketing, and franchise sales. Understanding the different revenue streams can help potential franchisees assess the financial health and diverse income sources of the franchisor.
Technology revenue represents income specifically derived from the company's technology-related services or products. For a prospective franchisee, this indicates the franchisor's ability to generate income from technology, which may include software, online platforms, or other digital solutions offered within the franchise system. This revenue stream can be an important factor in evaluating the franchisor's adaptability to modern business practices and potential for future growth.
Analyzing the trend of technology revenue over the years (2021-2023) alongside other revenue streams provides a more comprehensive view of the company's financial performance. The technology revenue increased from $64,500 in 2021 to $162,495 in 2022, and further to $323,330 in 2023. This growth suggests an increasing reliance on or success with technology-related offerings within the Crisp & Green franchise system.