What was the total Net Income (Loss) for Gold Star?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net Sales | $ | 23,132,556 | $ | - | $ | 2,972,196 | $ | - $ | 26,104,752 |
|---|---|---|---|---|---|---|---|---|---|
| Cost of Sales | _ | 8,296,902 | _ | 769,402 | 9,066,304 | ||||
| Gross Profit | 14,835,654 | - | 2,202,794 | - | 17,038,448 | ||||
| Selling, General and | 12.072.620 | 702 529 | 2 225 042 | (465.260) | 16 526 040 | ||||
| Administrative Expenses | - | 13,973,638 | - | 703,528 | 2,325,043 | - | (465,260) | 16,536,949 | |
| Income (Loss) From Operations | _ | 862,016 | _ | (703,528) | (122,249) | 465,260 | 501,499 | ||
| Other Income (Expenses) | |||||||||
| Rental Income | 1,242,372 | 2,157,301 | _ | (479,628) | 2,920,045 | ||||
| Rent Expense | (363,595) | - | - | - | (363,595) | ||||
| Franchise Fees | 16,725 | - | - | - | 16,725 | ||||
| Interest Income | 73,388 | - | - | (73,388) | - | ||||
| Other Income | 56,178 | 8,872 | 633 | - | 65,683 | ||||
| Interest Expense | (533,986) | (331,489) | - | 73,388 | (792,087) | ||||
| Loss From Investment in | |||||||||
| Limited Liability Company | (121,616) | - | - | 121,616 | - | ||||
| Insurance Proceeds | - | - | 150,000 | 150,000 | |||||
| Total Other Income (Expenses) | _ | 369,466 | 1,984,684 | 633 | (358,012) | 1,996,771 | |||
| Net Income (Loss) | 1,231,482 | 1,281,156 | (121,616) | 107,248 | 2,498,270 | ||||
| Other Comprehensive Gain | |||||||||
| Change in Fair Va |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the total net income (loss) is detailed in the consolidated statements. The net income (loss) for Gold Star Chili, Inc. is $1,231,482, for GSC Properties, LLC is $1,281,156, and for TCWW, LLC it is reported as a loss of ($121,616). After eliminations of $107,248, the total net income is $2,498,270.
This consolidated figure provides a comprehensive view of the financial performance of Gold Star and its related entities. Prospective franchisees should note that this is the net income (loss) from all of Gold Star's operations, not just franchising. It reflects the overall profitability of the company and its subsidiaries.
Understanding the components of this net income (loss) is crucial. The performance of each entity (Gold Star Chili, Inc., GSC Properties, LLC, and TCWW, LLC) contributes to the overall financial health of the organization. A potential franchisee should investigate the activities of each entity to understand how they contribute to the consolidated net income. For instance, understanding why TCWW, LLC incurred a loss of ($121,616) could be important.
It is also important to consider the eliminations of $107,248. Eliminations typically occur in consolidated financial statements to avoid double-counting transactions between related entities. A prospective franchisee should seek clarification on what these eliminations represent to fully understand the financial picture. Reviewing the complete financial statements and consulting with a financial advisor is recommended to assess the financial stability and performance of Gold Star.