What was the total comprehensive income for Jersey Mikes in 2023?
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 Mike's 2025 Franchise Disclosure Document, the total comprehensive income for 2023 was $21,256,637. This figure represents the company's overall financial performance, combining net income and other comprehensive income or loss items. For prospective franchisees, this indicates the financial health and profitability of Jersey Mike's as a franchise system.
Franchisees should consider this number in the context of other financial metrics provided in the FDD, such as revenue, expenses, and liabilities, to gain a complete understanding of the company's financial standing. A consistently positive and growing total comprehensive income can be a sign of a stable and successful franchise system. However, it is important to investigate the factors contributing to this income, such as sales growth, cost management, and any one-time gains or losses.
It is also worth noting that while the total comprehensive income provides a snapshot of the company's financial performance, it does not directly translate into the potential profitability of an individual franchise. 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 financial analysis and seek professional advice to assess the potential return on investment for a Jersey Mike's franchise.