What were the 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 Floors To Go's 2025 Franchise Disclosure Document, member distributions in 2023 totaled $2,419,213. This figure reflects the cash outflows from Floors To Go to its members during that year. These distributions are part of the cash flows used in financing activities.
For a prospective franchisee, understanding member distributions can provide insight into the financial relationship between Floors To Go and its members. While distributions represent a use of cash for the company, they also indicate a return of profits or capital to the members, which could be seen as a positive sign of the company's financial health and commitment to its members.
It's important to note that the member distributions are just one aspect of the overall financial picture. A potential franchisee should also consider other factors such as net income, operating cash flows, and the company's overall financial position when evaluating the franchise opportunity. Reviewing the complete audited financial statements, including the balance sheets, income statements, and statements of cash flows, will provide a more comprehensive understanding of Floors To Go's financial performance.