What was the total revenue that Deer Solution generated from initial franchise fees in 2022?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2022 | |
|---|---|
| ASSETS | |
| Current Assets | |
| Cash and cash equivalents | $ 45,017 |
| Deferred commission expense - current portion | 67,857 |
| Total Current Assets | 112,874 |
| Non Current Assets | |
| Deferred commission expense - net of current portion | 339,286 |
| Total Non Current Assets | 339,286 |
| Total Assets | $ 452,160 |
| LIABILITIES AND MEMBERS' EQUITY | |
| Current Liabilities | |
| Accrued liabilities | $ 35,000 |
| Deferred revenue - current portion | 50,143 |
| Total Current Liabilities | 85,143 |
| Long Term Liabilities | |
| Deferred revenue - net of current portion | 250,714 |
| Total Long Term Liabilities | 250,714 |
| Total Liabilities | 335,857 |
| Members' Equity | |
| Members' equity | 116,303 |
| Total Members' Equity | 116,303 |
| Total Liabilities and Members' Equity | $ 452,160 |
Deer Solution Franchising, LLC Statement Of Operations Year End
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the company generated $284,143 in revenue from initial franchise fees in 2022. This figure represents the income Deer Solution Franchising, LLC received from new franchisees joining the system during that year.
In addition to initial franchise fees, Deer Solution also earned revenue from other sources, including royalties ($11,498) and brand development fund contributions ($2,555). The total revenue for Deer Solution in 2022 was $298,197. It is important to note that these figures reflect the company's financial performance for that specific year and may not be indicative of future results.
Prospective franchisees should consider these revenue streams when evaluating the financial health and stability of Deer Solution. Understanding the different sources of income can provide insights into the company's business model and its ability to support its franchisees. Reviewing historical financial statements, like the one from 2022, is a crucial step in the due diligence process for potential franchisees.