What was the amount of member's distributions for Jersey Mikes in 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | ||
|---|---|---|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Member’s contributions | 263,527 | 2,356,546 | 375,380 | |
| Member’s (distributions) | ( 248,595,213) | (215,276,608) | ( 173,155,836) | |
| Net cash used in financing activities | ( 248,331,686) | (212,920,062) | ( 172,780,456) |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, member's distributions for 2023 were $(215,276,608). This figure represents the amount of money distributed to the members or owners of Jersey Mike's during that year. Member's distributions are a part of the cash flow from financing activities.
For a prospective franchisee, understanding member's distributions can provide insight into the financial management and profitability of Jersey Mike's. While this number does not directly impact the franchisee's operations, it reflects how the company manages its finances and returns value to its owners. High distributions could indicate strong profitability, but it is essential to consider this in the context of other financial metrics.
It's important to note that member's distributions are different from net income or net cash flow. Net income is the profit after all expenses are paid, while net cash flow indicates the movement of cash both into and out of the company. Member's distributions specifically refer to the cash allocated to the owners, which is a decision made by the company's management.
Franchisees should consider this information as part of a broader financial analysis, alongside revenues, expenses, and other cash flow activities, to gain a comprehensive understanding of Jersey Mike's financial health. Reviewing these figures over several years, as presented in the FDD, can reveal trends and provide a more informed perspective.