What were the total franchise license sales for Floors To Go in 2022?
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)
The 2025 Floors To Go Franchise Disclosure Document includes a Statement of Cash Flows, which provides some insight into the company's financials. Specifically, the statement lists net income and adjustments to reconcile net income to net cash provided by operating activities. However, it does not explicitly break out the revenue derived specifically from franchise license sales.
While the document does present overall net income and cash flow figures, it does not isolate the portion attributable to initial franchise fees or ongoing royalties. The statement does show cash flows from operating activities, member distributions, and changes in cash, but these are broad categories that do not pinpoint franchise sales revenue.
Therefore, a prospective Floors To Go franchisee would need to contact the franchisor directly to obtain specific figures for franchise license sales in 2022. This information would be crucial in assessing the company's growth and the demand for its franchises.