What was the total revenue for Decorating Den Interiors in 2024?
Decorating_Den_Interiors Franchise · 2025 FDDAnswer from 2025 FDD Document
of NBF that have been consolidated with DDSI at December 31, 2024, 2023, and 2022 within selling, general and administrative expenses on the consolidated statements of income and comprehensive income:
| _ | 2024 | 2023 | 2022 |
|---|
Source: Item 21 — Financial Statements (FDD page 59)
What This Means (2025 FDD)
According to Decorating Den Interiors' 2025 Franchise Disclosure Document, the total revenue for 2024 was $1,132,454. This figure is part of the consolidated financial statements, which include Decorating Den Systems, Inc. and its affiliates. The document also provides comparative data for 2023 and 2022, showing total revenues of $1,167,893 and $1,323,335, respectively.
For a prospective franchisee, understanding the revenue trends is crucial. The decrease in total revenue from 2022 to 2024 may indicate changing market conditions or internal factors affecting Decorating Den Interiors' performance. It's important to note that while total revenues are decreasing, gross franchise revenue for 2024 was $3,143,551, compared to $3,218,457 in 2023. This indicates that the franchise revenue stream is still significant, even though overall revenue has declined.
Additionally, the FDD reveals that Decorating Den Interiors experienced a net loss of $218,336 in 2024, compared to a net loss of $53,392 in 2023. This further emphasizes the importance of a thorough financial analysis before investing in a franchise. A potential franchisee should investigate the reasons behind the revenue decline and net losses to assess the financial stability and future prospects of the franchise. They should also compare these figures with industry benchmarks to determine if Decorating Den Interiors' performance is in line with or deviates from the norm.
It is also important to note that the financial statements were audited by independent auditors, and their opinion states that the financial statements present fairly the financial position of Decorating Den Systems, Inc. and affiliates. This provides a level of assurance regarding the accuracy and reliability of the financial information presented. However, prospective franchisees should still conduct their own due diligence and seek professional advice to fully understand the financial implications of investing in a Decorating Den Interiors franchise.