table_specific

What was the balance of member's equity for Floyds 99 on December 29, 2024?

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 29, 2024, was $35,785. This figure represents the culmination of several financial activities throughout the year, including net income and distributions.

The statement of member's equity outlines the changes in equity over time. The balance on December 26, 2021, was $795,017. Over the years, net income contributed positively to the equity, while distributions to members reduced it. For example, in the year ending December 25, 2022, net income was $3,425,245, but distributions amounted to $3,905,118, resulting in a balance of $315,144 at the end of that period.

In the subsequent years, this pattern continued, with net income adding to the equity and distributions reducing it. By December 31, 2023, the balance was $70,824 after a net income of $5,194,272 and distributions of $5,438,592. Finally, for the year ending December 29, 2024, net income was $4,677,337, and distributions were $4,712,376, resulting in the final balance of $35,785.

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.