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What was the balance of member's equity for Floyds 99 on December 25, 2022?

Floyds_99 Franchise · 2025 FDD

Answer from 2025 FDD Document

$ 1,545,386 | $ 1,683,732 |

Statement of Operations

Years Ended December 29, 2024; December 31, 2023; and December 25, 2022

2024 2023 2022
Net Sales Franchise roy

Source: Item 23 — RECEIPT (FDD pages 58–229)

What This Means (2025 FDD)

According to Floyds 99's 2025 Franchise Disclosure Document, the balance of member's equity on December 25, 2022, was $315,144. This figure represents the net worth of Floyds 99 Franchising, LLC, at the close of that fiscal year, reflecting the accumulation of earnings and distributions up to that point. The beginning balance on December 26, 2021, was $795,017. Net income for the period was $3,425,245, while distributions totaled $3,905,118, resulting in the ending balance of $315,144.

For a prospective franchisee, the member's equity provides insight into the financial stability and overall health of Floyds 99. A positive and growing equity balance typically indicates that the company is profitable and managing its finances effectively. However, it's important to consider this figure in conjunction with other financial metrics, such as revenue, expenses, and cash flow, to gain a comprehensive understanding of the company's financial performance.

The statement of member's equity also shows the distributions made to members. Distributions represent the transfer of profits from the company to its owners. While distributions are a normal part of business operations, significant or inconsistent distributions could impact the company's ability to reinvest in growth or manage unexpected expenses. Therefore, prospective franchisees should carefully evaluate the distribution history and understand the company's policies regarding profit distribution.

It is also important to note that the financial statements are audited, which adds a level of assurance regarding their accuracy and reliability. The independent auditor's report states that the financial statements present fairly the financial position of Floyds 99 as of December 25, 2022, in accordance with accounting principles generally accepted in the United States of America.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.