What was the amount of member distributions for Floors To Go in 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31 | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Revenue | |||
| Operating | $ 3,313,578 | $ 3,301,062 | |
| Sale | 13,451 | 5,000 | |
| of | |||
| franchise | |||
| licenses | |||
| Total | 3,327,029 | 3,306,062 | |
| revenue | |||
| Operating | |||
| expenses | |||
| Management | 800,000 | 800,000 | |
| fees ‐ related | |||
| party | |||
| Franchise | 474,154 | 418,488 | |
| related | |||
| costs | |||
| Commissions | 207,300 | 189,800 | |
| Travel, | 49,481 | 48,161 | |
| meals | |||
| and | |||
| entertainment | |||
| Professional | 44,403 | 55,813 | |
| services | |||
| Credit | 35,724 | 3,504 | |
| losses | |||
| General | 6,328 | 5,899 | |
| office | |||
| Total | 1,617,390 | 1,521,665 | |
| operating | |||
| expenses | |||
| Net | 1,709,639 | 1,784,397 | |
| income | |||
| Member's | 1,259,440 | 1,296,759 | |
| equity, | |||
| beginning | |||
| of | |||
| year | |||
| Member | (2,419,213) | (1,821,716) | |
| distributions | |||
| Member's | $ 549,866 | $ 1,259,440 | |
| equity, | |||
| end | |||
| of | |||
| year |
Statements of Cash Flows
Year Ended December 31 2023 2022 Cash flows from operating activities Net $ 1,709,639 $ 1,784,397 income Adjustments to reconcile net income to net cash provided by operating activities Credit 35,724 3,504 losses Changes in operating assets and liabilities which provided (used
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the member distributions for the year ending December 31, 2023, totaled $2,419,213. This figure represents the cash flow from financing activities related to distributions made to members of the Floors To Go, LLC. Understanding this number is crucial for potential franchisees as it provides insight into how the company allocates its financial resources among its members.
Member distributions reflect the financial rewards or returns that the owners or members of Floors To Go, LLC receive from the company's profits or capital. A significant distribution amount could indicate strong profitability and a commitment to sharing financial success with its members. However, it is essential to consider this figure in conjunction with other financial metrics, such as net income and cash flow from operations, to gain a comprehensive understanding of the company's financial health.
Prospective franchisees should analyze trends in member distributions over several years to assess the consistency and sustainability of these payouts. Fluctuations in distribution amounts could be influenced by various factors, including changes in profitability, investment strategies, or capital needs. Therefore, it is advisable for potential franchisees to discuss these figures with the franchisor and seek professional financial advice to evaluate the implications for their investment.
In summary, the $2,419,213 in member distributions for 2023 provides a valuable data point for assessing Floors To Go's financial management and its approach to distributing profits among its members. By considering this figure within the broader context of the company's financial performance, prospective franchisees can make more informed decisions about their investment in the franchise.