What was the interest income for Ledgers in 2022?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 20 | 24 | - | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Other (income) expense: | ||||||
| Interest income | C | 24,775) | (82,735) | (6,284) | ||
| Other income | = | (115,395) | 554 | |||
| Other expense | 485 | 4,014 | 3,246 | |||
| Total other (income) expense | (2 | 24,290) | (194,116) | _ | (2,484) |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the company experienced an interest income of $(6,284) in 2022. This figure is categorized under 'Other (income) expense' within the Statements of Operations.
For a prospective franchisee, this indicates that Ledgers, as a company, had more interest expenses than interest income during that year. This could be due to various factors such as loans or other financial obligations the company held.
It's important to note that this interest income relates to the overall financial performance of Ledgers as a franchisor and not necessarily the potential financial performance of an individual franchise unit. Franchisees should focus more on the revenue, operating expenses, and potential profitability of their specific franchise location.
While this information provides a glimpse into Ledgers' financial background, prospective franchisees should also consider other financial aspects, such as revenue trends, operating expenses, and overall profitability, to gain a comprehensive understanding of the company's financial health.