What was the net loss for L M within Lees Famous Recipe?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
nco me , ne | 156 13, | 036 8, | 930 22 , | 184 5, | | - | | 49 306 , | | Inc e B efo Inc e T om re om axe s | 350 874 , | 80 1, 853 | 613 944 , | 299 187 , | | - | | 2, 284 639 , | | Inc e T Ex om ax pe nse | - | ( ) 141 | - | - | | - | | ( ) 141 | | Ne t In co me | $ 874 35 0, | $ 712 80 1, | $ 613 94 4, | $ 299 18 7, | $ | - | $ | 2, 284 49 8 , |
ARTEMIS RESTAURANT CORP. CONSOLIDATING STATEMENT OF OPERATIONS LEE'S 4-WALL, LLC FROM MAY 6, 2021 (INCEPTION) TO DECEMBER 31, 2021
| LFRC Ocala | LFRC Lima | Elimination | Lee's 4-Wall, LLC Total | |
|---|---|---|---|---|
| Revenue: | ||||
| Sales by company-operated restaurants | $ 452,994 | $ 1,055,108 | $ - | $ 1,508,102 |
| Cost of Sales: | ||||
| Company-operated restaurant expenses - | ||||
| Food and paper | 168,729 | 385,302 | - | 554,031 |
| Payroll | 125,602 | 299,899 | - | 425,501 |
| Occupancy and other operating expenses | 22,657 | 54,392 | - | 77,049 |
| Total cost of sales | 316,988 | 739,593 | - | 1,056,581 |
| Gross profit | 136,006 | 315,515 | - | 451,521 |
| General and Administrative Expenses | 8 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to Lees Famous Recipe's 2025 Franchise Disclosure Document, there is no entity named "L M" listed in the provided financial statements. However, the document does list several entities with similar names, specifically those beginning with "LFRC" (Lee's Famous Recipe Chicken). The net income (loss) for several of these entities is detailed in the provided financial statements.
For example, LFRC Ocala, LLC had a net income of $52,122, while FRFC Lima Inc. had a net loss of $46,643. The document also lists the net income (loss) for LFR Chicken, LLC Total as $(113,924). These figures represent the financial performance of specific company-operated restaurants or the consolidated results for the entire LFR Chicken, LLC group.
A prospective franchisee should carefully review the financial performance of each entity listed in the FDD to understand the potential range of outcomes for company-operated stores. It's important to note that the performance of company-operated stores may not be indicative of the performance of franchised locations, due to differences in management, location, and other factors. A franchisee should ask the franchisor for clarification on which specific entities are included in the consolidated financial statements and how their performance relates to the franchise opportunity.