table_specific

What was the operating income (loss) for the Lees Famous Recipe 'Springfield 207 427' location?

Lees_Famous_Recipe Franchise · 2025 FDD

Answer from 2025 FDD Document

  •               | -                   | -                 | (313,577)                    |
    

| Total other income (expenses), net | 1,909,672 | - | 253 | 9,132 | (2,088,387) | (169,330) | | Income (Loss) Before Income Taxes | (113,924) | 1,550,244 | 532,664 | 5,479 | (2,088,387) | (113,924) | | Income Tax Benefit | - | - | - | - | - | - | | Net Income (Loss) | $ (113,924) | $ 1,550,244 | $ 532,664 | $ 5,479 | $ (2,088,387) | $ (113,924) |

ARTEMIS RESTAURANT CORP. CONSOLIDATING STATEMENT OF OPERATIONS LEE'S 4-WALL, LLC YEAR ENDED DECEMBER 31, 2023

LFRC Ocala LFRC Lima LFRC Springfield LFRC Mt. Sterling LFRC Ft. Wayne LFRC Sanford Elimination Lee's 4-Wall, LLC Total
Revenue:
Sales by company-operated restaurants $ 4,993,934 $ 5,410,910 $ 12,581,413 $ 4,184,800 $ 6,799,462 $ 179,422 $ - $ 34,149,941
Cost of Sales:
Company-operated restaurant expenses -
Food and paper 1,895,194 2,040,125 4,949,389 1,692,530 2,736,196 55,217 - 13,368,651
Payroll 1,426,583 1,390,798 3,947,304 1,111,442 1,942,713 80,406 - 9,899,246
Occupancy and other operating expenses 618,442 643,922 1,530,311 315,620 250,271 14,224 3,372,790
Total cost of sales 3,940,219 4,074,845 10,427,004 3,119,592 4,929,180 149,847 - 26,640,687
Gross profit 1,053,715 1,336,065 2,154,409 1,065,208 1,870,282 29,575 - 7,509,254
General and Administrative Expenses 778,909 749,165 1,595,203 489,451 850,314 27,795 4,490,837
Operating income 274,806 586,900 559,206 575,757 1,019,968 1,780 3,018,417
Other Income (Expenses):
Miscellaneous income 11,935 9,154 26,885 5,603 17,274 443 - 71,294
Interest expense - - ´- - _ - -
Total other income, net 11,935 9,154 26,885

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)

What This Means (2025 FDD)

According to the 2025 Lees Famous Recipe Franchise Disclosure Document, the operating income for the LFRC Springfield location was $559,206. This figure represents the earnings before considering other income, expenses, or income taxes. The Springfield location's revenue from company-operated restaurant sales totaled $12,581,413. After deducting the total cost of sales amounting to $10,427,004, the gross profit was $2,154,409. General and administrative expenses for the Springfield location totaled $1,595,203.

For a prospective Lees Famous Recipe franchisee, understanding the operating income of company-operated locations like LFRC Springfield provides insight into the potential profitability of a similar restaurant. However, it's important to recognize that these figures represent the performance of a specific location managed by the franchisor and may not be directly replicable by a franchisee. Factors such as local market conditions, management expertise, and operating costs can significantly impact a franchisee's financial results.

It is also important to note that the provided financial data is from a specific period and may not be indicative of future performance. Franchisees should conduct their own due diligence, including a thorough review of the FDD and consultation with financial advisors, to assess the potential risks and rewards of investing in a Lees Famous Recipe franchise. Reviewing the expenses such as food and paper ($4,949,389), payroll ($3,947,304), and occupancy and other operating expenses ($1,530,311) can give potential franchisees an idea of where their money will be allocated.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.