What was the net income for Floyds 99 for the period ending December 25, 2022?
Floyds_99 Franchise · 2025 FDDAnswer 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 net income for the period ending December 25, 2022, was $3,425,245. This figure represents the company's profit after all expenses were deducted from its revenues during that year. This information is derived from the Statement of Member's Equity, which details changes in the company's equity over time, including net income and distributions.
For a prospective Floyds 99 franchisee, understanding the franchisor's financial performance is crucial. A strong net income indicates the franchisor's potential financial stability and success, which can indirectly affect the support and resources available to franchisees. It also provides insight into the overall health of the Floyds 99 system.
However, it's important to consider this figure in context. The net income does not reflect franchisee-level profitability, but rather the earnings of Floyds 99 Franchising, LLC itself. Additionally, prospective franchisees should review several years of financial statements to identify trends and assess the consistency of the company's performance. They should also investigate how the franchisor utilizes its net income, whether it's reinvested into the business, distributed to members, or used for other purposes, as this can impact the long-term growth and stability of the franchise system.