What were the total revenues for Deer Solution Franchising, LLC in 2022?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
57 as a current portion of the deferred expenses as it will be due within the next twelve months, $339,286 as a long-term portion of deferred expenses, and $67,857 recognized as commission expenses for the year ended 31, December 2022.
Deferred revenue consists of the remaining initial franchise fees to be amortized over the life of the franchise agreements. Deferred revenue is a result of the collection of the initial franchise fee at the time of the signing of the franchise agreement and will fluctuate each year based on the number of franchise agreements signed. In 2022, $300,857 of franchise fees collected were deferred over the life of the franchise
Source: Item 23 — RECEIPTS (FDD pages 55–246)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Deer Solution does not explicitly state the total revenues for Deer Solution Franchising, LLC in 2022. However, it does mention deferred revenue related to franchise fees. Specifically, $300,857 of franchise fees collected in 2022 were deferred over the life of the franchise agreement, which is 7 years. The company recognized $50,143 as a current portion of contract liabilities and $250,714 as a long-term portion of contract liabilities.
While the FDD provides information on deferred revenue from franchise fees, it does not offer a comprehensive view of all revenue streams. A prospective franchisee would need a clearer picture of Deer Solution's revenue sources, such as royalties, service fees, or other income, to fully understand the company's financial performance.
To gain a complete understanding of Deer Solution's financial health, a potential franchisee should ask the franchisor for the complete audited financial statements, including the income statement, for 2022. This will provide a detailed breakdown of all revenue sources and the total revenue generated by the company during that year.