What was the net income attributable to Expense Reduction Analysts, Inc. in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
- | 4,320,068 | | Noncontrolling Interest in Subsidiaries | | 32,360 | 2 | 26,049 | | Total Stockholders' Equity | | 5,497,843 | _ | 4,346,117 | | Total Liabilities and Stockholders' Equity | $ | 11,921,252 | $ | 10,518,455 |
| 2023 | (restated) 2022 | |
|---|---|---|
| FRANCHISE INCOME | VI SELECTION OF | |
| Franchise Fees | $ 602,489 | $ 787,181 |
| Royalty Fees | 3,888,131 | 3,718,035 |
| MAC Income | 671,456 | 630,396 |
| Management Software Fees | 142,233 | 144,550 |
| Other Income | 53,250 | 24,000 |
| Total Franchise Income | 5,357,559 | 5,304,162 |
| GENERAL AND ADMINISTRATIVE EXPENSE | 4,783,886 | 5,367,347 |
| OTHER INCOME (EXPENSE) | America | |
| Management Fee from Related Party | 672,103 | 477,564 |
| Other Expense | (1,698) | 2 |
| Other Income | 1,565 | 2,321 |
| Total Other Income | 671,970 | 479,885 |
| NET INCOME BEFORE INCOME TAXES | 1,245,643 | 416,700 |
| PROVISION FOR INCOME TAXES | 93,917 | 259,914 |
| NET INCOME | 1,151,726 | 156,786 |
| NONCONTROLLING INTEREST | ||
| Adjustment Attributable to the Noncontrolling | ||
| Interest in Subsi |
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the net income attributable to Expense Reduction Analysts, Inc. for the year 2023 was $1,142,947. This figure represents the company's profit after all expenses, taxes, and noncontrolling interests were accounted for during that year.
For a prospective franchisee, this indicates the financial performance of the parent company. A higher net income generally suggests a more stable and profitable franchisor, which can be a positive sign. It demonstrates the franchisor's ability to manage its finances and generate profits, which can indirectly benefit franchisees through support, resources, and brand reputation.
It is important to note that the net income attributable to Expense Reduction Analysts, Inc. does not directly translate into a franchisee's potential earnings. A franchisee's profitability will depend on their individual efforts, local market conditions, and adherence to the Expense Reduction Analysts's business model. However, the financial health of the franchisor can provide some reassurance about the stability and long-term viability of the franchise system.
Furthermore, the 2025 FDD also shows that the net income attributable to Expense Reduction Analysts, Inc. in 2022 was $145,953. The increase in net income from 2022 to 2023 could be a sign of positive growth and improved financial performance for the company.