What was the total amount of Learningrx royalty fees collected in the later year presented in this table?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| position of | LearningRx Franchise Corporation | as of | September 30, 2024 and 2023 | , and the results of its | |---|---|---|---|---| | operations and its cash flows for the years then ended in accordance with accounting principles generally | | | | | | accepted in the United States of America. | | | | | 
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the company collected $1,192,359 in royalty fees in 2024. The table provided in Item 23 of the FDD outlines various income streams for Learningrx, including royalty fees, initial franchise fees, area development fees, and other fees. This information is derived from the company's financial statements.
The royalty fees represent a significant portion of Learningrx's total income, indicating the importance of ongoing franchisee sales to the franchisor's revenue. For a prospective franchisee, this highlights the ongoing obligation to pay royalties based on a percentage of gross revenues. It also demonstrates that Learningrx relies heavily on the success of its franchisees for its own financial health.
Understanding the different types of fees and their relative contributions to Learningrx's income can help a potential franchisee assess the overall financial structure of the franchise system. Reviewing these figures over multiple years, as presented in the table, can also provide insights into the stability and growth trends of the franchise. It is important to note that these figures reflect the franchisor's income and not necessarily the profitability of individual franchise locations.