What was the total operating revenue for Floors To Go in 2024?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31 | |||||
|---|---|---|---|---|---|
| ASSETS | 2024 | 2023 | |||
| Current assets | |||||
| Cash | $ | 973,148 | $ | 812,308 | |
| Accounts receivable, less allowance for credit | |||||
| losses of approximately $33,500 ($27,500 in 2023) | 471,369 | 461,463 | |||
| Prepaid expenses | 2,475 | 3,189 | |||
| Total current assets | 1,446,992 | 1,276,960 | |||
| Goodwill | 50,000 | 50,000 | |||
| Total assets | $ | 1,496,992 | $ | 1,326,960 | |
| LIABILITIES AND MEMBER'S EQUITY | |||||
| Liabilities | |||||
| Accounts payable | $ | 800 | $ | 9,763 | |
| Deferred revenue | 28,516 | 34,409 | |||
| Due to franchisees - cashback program | 483,563 | 472,253 | |||
| Accrued expenses | 284,241 | 260,669 | |||
| Total liabilities (all current) | 797,120 | 777,094 | |||
| Member's equity | 699,872 | 549,866 | |||
| Total liabilities and member's equity | $ | 1,496,992 | $ | 1,326,960 |
The acc
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the company's operating revenue for the year ending December 31, 2024, was $3,132,489. In addition to operating revenue, Floors To Go also generated revenue from the sale of franchise licenses, which amounted to $22,496 in 2024. Combining these two sources, the total revenue for Floors To Go in 2024 was $3,154,985.
It is important to note that while operating revenue represents the income from the company's core business activities, the sale of franchise licenses contributes a smaller portion to the overall revenue. For prospective franchisees, this indicates that Floors To Go's financial performance is primarily driven by its ongoing operations rather than relying heavily on initial franchise fees. This may suggest a more sustainable business model focused on supporting existing franchisees.
In 2023, Floors To Go had an operating revenue of $3,313,578 and revenue from the sale of franchise licenses of $13,451, resulting in a total revenue of $3,327,029. This shows a slight decrease in operating revenue from 2023 to 2024. Reviewing these figures over several years can help potential franchisees understand the revenue trends and stability of Floors To Go.
Overall, the financial data presented in the FDD offers valuable insights into the revenue streams and financial health of Floors To Go. Prospective franchisees should carefully analyze these figures and consider how they align with their investment goals and risk tolerance.