What was the total technology revenue for Crisp & Green in 2023?
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 |
**CRISP & GREEN FRANCHISI
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the total technology revenue for the company in 2023 was $323,330. This figure is part of the overall revenue streams for Crisp & Green Franchising LLC, which also includes royalty income, marketing revenue, and franchise sales. These revenues reflect the income generated from franchisees and other activities related to the Crisp & Green brand.
For a prospective franchisee, understanding the technology revenue is important as it may indicate the level of technological support and services provided by the franchisor. This could include online ordering systems, mobile apps, or other digital platforms that enhance the customer experience and streamline operations. The growth of technology revenue from $64,500 in 2021 to $162,495 in 2022 and then to $323,330 in 2023 suggests an increasing reliance on and investment in technology within the Crisp & Green franchise system.
It is also worth noting that while technology revenue is a component of the total revenue, the largest revenue stream for Crisp & Green is royalty income, which was $3,397,510 in 2023. This highlights the significance of ongoing franchise operations and sales in driving the franchisor's revenue. Franchisees should consider how technology contributes to their own revenue generation and operational efficiency, and how the franchisor's technology investments support their business.
Overall, the technology revenue figure provides insight into the franchisor's focus on innovation and digital solutions, which can be a key factor for franchisees looking to leverage technology to improve their business performance and customer satisfaction. Reviewing these figures in the context of the total revenue and other revenue streams offers a comprehensive view of the financial health and strategic priorities of Crisp & Green.