What was the net income for Eos Worldwide in 2023?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Revenue | $ 20,988,591 | $ 16,551,321 |
| Cost of revenues Gross profit | 4,162,212 | 3,596,601 |
| 16,826,379 | 12,954,720 | |
| General and administrative expenses Operating income | 14,303,404 | 9,261,139 |
| 2,522,975 | 3,693,581 | |
| Other expense: | ||
| Interest | (1,176,544) | (950,454) |
| Net income | $ 1,346,431 | $ 2,743,127 |
Source: Item 22 — CONTRACTS (FDD page 74)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the company's net income for the year 2023 was $1,346,431. This figure represents the profit Eos Worldwide retained after deducting all expenses, including the cost of revenues, general and administrative expenses, and other expenses like interest, from its total revenue. In comparison, Eos Worldwide's net income for 2022 was $2,743,127, indicating a decrease in net income from 2022 to 2023.
For a prospective franchisee, net income is a critical indicator of the financial health and profitability of Eos Worldwide. A positive net income suggests that the company is operating efficiently and generating more revenue than it spends. However, the decrease in net income from 2022 to 2023 may warrant further investigation. A potential franchisee might want to understand the reasons behind this decrease, such as increased expenses or decreased revenue, to assess the sustainability of the company's profitability.
It's also important to note that these financial results pertain specifically to Eos Worldwide Franchising, LLC, and not necessarily to its affiliates or parent company. The financial performance of the franchisor can influence the support, resources, and brand strength available to franchisees. Therefore, understanding the franchisor's financial standing is a crucial part of the due diligence process for anyone considering investing in an Eos Worldwide franchise.
Furthermore, the FDD includes an independent auditor's report from RSM US LLP, which expresses an opinion that the financial statements of Eos Worldwide Franchising, LLC, present fairly its financial position as of December 31, 2023, and the results of its operations and its cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America. This independent audit provides an additional level of assurance regarding the accuracy and reliability of the financial information presented.