What was the total revenue for Deka Lash as of December 31, 2023?
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) | |||||
| Ot |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the balance at December 31, 2023, was approximately $(2,508,218). This figure represents the financial balance, which may reflect accumulated net income or losses over previous years.
It's important to note that this balance is not the same as total revenue. The document also lists the net income for the year 2023 as $220,255. Net income represents the revenue less expenses for that specific year, offering insight into the company's profitability during that period.
Prospective franchisees should understand the distinction between the balance at year-end and the net income for the year. The balance reflects the overall financial position, while net income indicates the company's performance in a given year. Reviewing these figures over several years, as presented in the table, can provide a clearer picture of the company's financial trends and stability.
It is important to consult with a financial advisor to fully understand the implications of these figures and how they relate to the overall financial health and potential of the Deka Lash franchise system.