What was the total revenue recognized over time for Deck Medic in 2021?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
TH CUSTOMERS
Disaggregation of Revenue
Information regarding revenues disaggregated by the timing of when goods and services are transferred consist of the following for the years ended December 31:
| Revenue recognized at a point in time Total Revenue | 173,8
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the total revenue recognized over time in 2021 was $17,250. This figure represents revenue that Deck Medic recognized gradually over a period of time, rather than at a single point.
For a prospective Deck Medic franchisee, understanding the breakdown of revenue recognition is crucial for assessing the financial performance and stability of the franchisor. Revenue recognized over time might include franchise fees earned over the term of an agreement or royalties collected periodically.
It's important to note that this is just one component of Deck Medic's overall revenue. Franchisees should review the complete financial statements, including revenue recognized at a point in time, to gain a comprehensive understanding of the franchisor's financial health. Additionally, prospective franchisees should inquire about the specific factors that contribute to revenue recognized over time to better understand the franchisor's revenue streams.