What was the net income for Jersey Mikes in 2022?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
TABLE TO THE CONTROLLING PARTNER | $ 5,039,581 | $ 21,256,637 | $ 19,519,134 |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| NET INCOME | $ 5,039,581 | $ 21,256,637 | $ 19,526,715 |
| OTHER COMPREHENSIVE LOSS | (25,662) | - | - |
| TOTAL COMPR |
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the company's net income for the year 2022 was $19,526,715. This figure represents the profit Jersey Mikes retained after deducting all expenses from its total revenue for that year. Net income is a key indicator of a company's profitability and financial health.
For a prospective franchisee, understanding the franchisor's net income can provide insights into the overall stability and success of the Jersey Mikes system. A consistently positive net income suggests that the business model is viable and that the franchisor is managing its finances effectively. This can be reassuring for individuals considering investing in a Jersey Mikes franchise.
It's important to note that while the franchisor's net income is a valuable piece of information, it doesn't directly translate to the potential profitability of an individual franchise location. A franchisee's success will depend on various factors, including location, operating costs, and their ability to manage the business effectively. Therefore, prospective franchisees should conduct their own thorough financial analysis and due diligence before making a decision.