What was the net income for Maria Agenta's Deka Lash in 2/31/2021?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
| 1 | 2/31/2023 | 12/31/20 | 22 | 12/31/2021 | |
|---|---|---|---|---|---|
| REVENUE | 4 | . 200 000 | 2 . 200 | nau. | |
| Initial franchise fees | |||||
| Product sales | $ | 1,752,895 | $ 1,572, 3,707. | ||
| 511111111111111111111111111111111111111 | Part of the last | 200 | 2,955,206 | ||
| Royalty income | 2,062,890 | 2,024 | 1,551,172 | ||
| Brand development income | 508,196 | 301,725 | |||
| Other operating revenue | _ | 1,852,111 | 1,989 | 1,903,123 | |
| TOTAL REVENUES | _ | 9,339,025 | 9,643 | 649 | 8,010,120 |
| OPERATING EXPENSES | |||||
| Selling and administrative expense | 1.875,002 | 1,807. | 255 | 983,611 | |
| Product costs | 1,812,842 | 2,008 | 962 | 1,989,404 | |
| Development costs | 1,083,541 | 944 | 467 | 1,221,014 | |
| Salaries, wages, and benefits | 4,327,982 | 3,904 | 703 | 2,743,730 | |
| Other operating expenses | 846,406 | 810. | 881 | 419,793 | |
| Amortization expense | 18,000 | 13. | 556 | ||
| Depreciation expense | - | 17,948 | 13. | 439 | 19,608 |
| TOTAL OPERATING EXPENSES | _ | 9,981,721 | 9,503. | 263 | 7,377,160 |
| OPERATING (LOSS) / INCOME | 1 | (642,696) | 140. | 386 | 632,960 |
| OTHER INCOME (EXPENSE) | |||||
| Other income | (581) | 83. | 545 | 86,868 | |
| Interest income | 06,704 | 1. | 618 | - 4 | |
| Employee retention credit income | 811,828 | - | |||
| Loss on disposal of fixed assets | (15,000) | - | - | ||
| Interest expense | _ | - | _ | (2,374) | |
| TOTAL OTHER INCOME (EXPENSE) | - | 862,951 | 85 | 163 | 84,494 |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the net income for Maria Agenta's Deka Lash on 2/31/2021 was $717,454. This figure is part of the cash flow statement, specifically under 'CASH FLOWS FROM OPERATING ACTIVITIES'.
This number represents the net income before adjustments to reconcile it to net cash flows from operating activities. These adjustments include items like depreciation, amortization, losses on disposal of property and equipment, and changes in various operating assets and liabilities.
Prospective franchisees should understand that this net income figure is specific to Maria Agenta's Deka Lash location and may not be representative of all Deka Lash franchises. Factors such as location, operating efficiency, and local market conditions can significantly impact a franchise's financial performance. Reviewing the complete financial statement and understanding the adjustments made to net income is crucial for a comprehensive financial analysis.
It's also important to note that the date listed, 2/31/2021, is not a valid date, as February only has 28 or 29 days depending on the year. This could be a typographical error in the document, and prospective franchisees should verify this information with Deka Lash to ensure accuracy.