What were the gross sales for the Desi District Plano location?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
| Company Owned Location | Gross Sales | Type of Franchise |
|---|---|---|
| Desi District LLC | $7,526,994.07 | Eatery & Market |
| Estimated Royalty Fees | $301,079.76 | |
| Premier Meat Bazaar 423 Inc | $2,050,736.60 | Eatery |
| Estimated Royalty Fees | $82,029.46 | |
| Desi District Plano | $545,663.83 | Eatery |
| Estimated Royalty Fees | $21,826.55 | |
| Premier Eldorado Inc | $6,851,280.85 | Eatery & Market |
| Estimated Royalty Fees | $274,051.23 | |
| Desi Eats LLC | $2,567,600.44 | Eatery & Market |
| Estimated Royalty Fees | $102,704.02 |
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 48–49)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the gross sales for the Desi District Plano location were $545,663.83. This figure represents the total revenue from the sale of goods and services, less sales tax, discounts, and returns, for the period between January 1, 2023 and December 31, 2023. The Plano location is classified as an 'Eatery' type of franchise.
It's important to note that this gross sales figure does not include any operating expenses, such as rent, cost of goods sold, labor, insurance, or advertising. A prospective franchisee would need to account for these costs to determine the net income for the Desi District Plano location. The FDD also includes an estimated royalty fee for the Plano location, which is $21,826.55. This is based on a 4% royalty rate.
The FDD emphasizes that the financial performance representation is based on historic data and is not a projection of future performance. Desi District states that individual results may vary, and there is no assurance that a franchisee will achieve the same level of sales or earnings. The document also clarifies that the data pertains to company-owned outlets and that there are no anticipated material differences between company-owned and franchise outlets.
Desi District also makes it clear that they do not make any representations about a franchisee's future financial performance, except for what is included in Item 19 of the FDD. If a prospective franchisee receives any other financial performance information or projections, they are advised to report it to the franchisor's management, the Federal Trade Commission, and the appropriate state regulatory agencies. Prospective franchisees can request written substantiation of the information provided in Item 19.