What was the total revenue for Eos Worldwide in the year 2023?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
es and Member's Equity | | | | | Current liabilities: | | | | | Deferred revenue | $ | 1,801,403 | $ 2,277,196 | | Total liabilities | | 1,801,403 | 2,277,196 | | Member's equity | _ | 4,142,505 | 1,419,942 | | Total liabilities and member's equity | $ | 5,943,908 | $ 3,697,138 |
Statements of Operations Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Memberships/subscriptions | $ 12,779,658 | $ 10,446,384 |
| Boot Camp | 5,367,595 | 5,140,657 |
| Events | 176,750 | 196,800 |
| Store income | 3,309,031 | 3,044,704 |
| Warm lead referral | 1,343,657 | 1,564,593 |
| Franchise fees | 818,901 | 580,494 |
| Other revenues | 17,900 | 14,959 |
| Total revenues | 23,813,492 | 20,988,591 |
| Cost of revenues | 5,490,931 | 4,162,212 |
Source: Item 22 — CONTRACTS (FDD page 74)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, the total revenue for the company in 2023 was $20,988,591. This figure represents the sum of various revenue streams, including memberships/subscriptions, boot camps, events, store income, warm lead referrals, franchise fees, and other revenues. Understanding the composition of this revenue is important for potential franchisees.
Specifically, memberships and subscriptions accounted for $10,446,384 of the total revenue in 2023, making it the largest revenue source. Boot Camps generated $5,140,657, while store income contributed $3,044,704. Warm lead referrals brought in $1,564,593, and franchise fees amounted to $580,494. Events and other revenues contributed smaller amounts, with $196,800 and $14,959, respectively.
For a prospective Eos Worldwide franchisee, this revenue breakdown offers insights into the relative importance of different service offerings. It suggests that the core business model relies heavily on memberships, subscriptions, and boot camps, with franchise fees representing a smaller portion of the overall revenue. This information can help franchisees focus their efforts on the most profitable areas and understand the potential for growth in different segments of the business. It's also worth noting that the cost of revenues for 2023 was $4,162,212, resulting in a gross profit of $16,826,379.