What was the total revenue for Deck Medic in 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Advertising costs for the years ended December 31, 2022 and 2021, were $69,863 and $46,569 respectively.
On December 31, 2023 and 2022, the entity had $2,000 in additional paid-in capital.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
I am unable to provide the total revenue for Deck Medic in 2022, as this information is not present within the provided excerpts from the 2024 Franchise Disclosure Document. While the excerpts include financial statements and auditor's reports for Deck Medic, they do not explicitly state the total revenue figure for 2022. The excerpts do include information such as advertising expenses for 2022, which were $69,863. They also mention that the company had $2,000 in additional paid-in capital on December 31, 2022. However, these details do not provide a complete picture of the company's overall revenue.
A prospective franchisee would need to consult the full 2024 FDD or request additional financial information from Deck Medic to determine the company's total revenue for 2022. Understanding the revenue is critical for assessing the financial health and potential profitability of the franchise. This information would allow potential franchisees to make informed decisions about their investment and business strategy.
Specifically, when reviewing the full FDD, a potential franchisee should look for the Statement of Operations, which typically includes revenue, cost of goods sold, and operating expenses. Item 19 of the FDD, if present, may also contain financial performance representations that include revenue figures. Contacting existing Deck Medic franchisees and asking about their revenue and experiences can also provide valuable insights.