What was the net income for Gold Star in the year ended December 31, 2024?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 2023 | (Restated) | ||
| Cash Flows From Operating Activities | |||
| Net Income | $ 2,498,270 $ 1,595,317 | $ 1,936,301 |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the company's net income for the year ending December 31, 2024, was $2,498,270. This figure reflects the consolidated net income of Gold Star Chili, Inc., its subsidiary TCWW, LLC, and its consolidated entity GSC Properties, LLC. The FDD also provides the net income for the year 2023 which was $1,595,317.
Understanding the net income is crucial for potential franchisees as it offers insight into the overall financial health and profitability of Gold Star. A strong net income suggests that the company is well-managed and has the potential to support its franchisees effectively. This information can be used to assess the stability and growth prospects of the franchise system.
It's important to note that this net income is part of the consolidated financial statements, which include the parent company and its related entities. While this gives an overview of the entire organization, prospective franchisees may also want to inquire about the financial performance of the franchising division specifically to better understand the resources available to support franchisees and the investments being made in the franchise system.