What was the net income for Jersey Mikes in 2024?
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 | |-----------------
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the net income for 2024 was $5,039,581. This figure represents the company's profit after all expenses, including the cost of goods sold, operating expenses, interest, and taxes, have been deducted from its total revenue. 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 financial stability and success of the Jersey Mike's system. A positive and growing net income trend may suggest a well-managed and profitable franchise network. However, it is important to note that the franchisor's net income does not directly translate into the potential profitability of an individual franchise location. Franchisee profitability depends on various factors, including location, operating costs, and the franchisee's management skills.
It is also important to consider the other financial figures provided in the FDD, such as revenue, expenses, and assets, to gain a comprehensive understanding of Jersey Mike's financial performance. Additionally, prospective franchisees should consult with financial advisors and conduct their own due diligence to assess the potential risks and rewards of investing in a Jersey Mike's franchise.