What were the total revenues for Deer Solution in 2023?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
| Beginning balance | $ | 250,714 | $ | 300,857 | |
|---|---|---|---|---|---|
| Additional deferred revenue | 124,500 | - | |||
| Revenue recognized – additional deferred revenue | (68,572) | (50,143) | |||
| Deferred revenue | - | 306,642 | 250,714 | ||
| Less: current maturities | (70,329) | (50,143) | |||
| Deferred Revenue, net of current maturities |
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Deer Solution's advertising expenses for the year ending December 31, 2023, totaled $1,000. The document indicates that these costs were expensed as incurred.
While the FDD mentions advertising expenses, it does not explicitly state the total revenues for Deer Solution in 2023. The statement of operations, which would typically include revenue figures, is referenced but not provided in full within the excerpts. Therefore, it's not possible to determine the total revenue from the provided information.
A prospective franchisee should request the full financial statements, including the statement of operations, from Deer Solution to ascertain the company's total revenues for 2023. Understanding the revenue trends and overall financial performance is crucial for making an informed investment decision.