What was the total revenue recognized at a point in time for Deck Medic in 2022?
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 revenue recognized at a point in time for 2022 was $173,856. This is in contrast to the $195,477 recognized at a point in time in 2021.
This figure represents revenue that Deck Medic recognizes immediately upon completion of a service or sale, as opposed to revenue recognized over a period of time. For a prospective franchisee, understanding the breakdown between these two types of revenue recognition can provide insights into the nature of Deck Medic's revenue streams.
It's important to note that this data reflects Deck Medic's corporate revenue, not the revenue of individual franchise locations. Franchisees should focus on their own local market conditions and sales efforts to achieve their desired revenue goals. Reviewing the Item 19 financial performance representations in the FDD can provide further context.