What was the reported revenue for restaurant food at Lees Famous Recipe in 2024?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Revenue: | |||||
| Proprietary product revenue | $ 16,076,534 | $ 15,065,201 | $ 13,297,773 | ||
| Royalties | 1,447,477 | 1,191,981 | 1,081,966 | ||
| Franchise, license, and development fees | 111,044 | 67,273 | 174,335 | ||
| Sales by company-operated restaurants | 55,290,938 | 34,149,941 | 21,625,752 | ||
| Total revenue | 72,925,993 | 50,474,396 | 36,179,826 |
Source: Item 23 — RECEIPTS (FDD pages 70–287)
What This Means (2025 FDD)
According to Lees Famous Recipe's 2025 Franchise Disclosure Document, the revenue from sales by company-operated restaurants in 2024 was $55,290,938. This reflects the income generated directly from food and beverage sales at restaurants owned and operated by the company itself, not franchised locations. This figure is a key indicator of the brand's performance and consumer acceptance.
For a prospective franchisee, understanding the revenue from company-operated restaurants can provide insights into the potential market demand and revenue generation capability of the Lees Famous Recipe concept. It's important to note that this number does not represent the potential revenue of a franchised location, as that would depend on factors like location, management, and local market conditions. However, it does offer a benchmark for assessing the overall health and appeal of the brand.
In addition to the revenue from company-operated restaurants, Lees Famous Recipe also reported other revenue streams in 2024, including $16,076,534 from proprietary product revenue, $1,447,477 in royalties, and $111,044 from franchise, license, and development fees. These figures, combined with the company-operated restaurant revenue, contributed to a total revenue of $72,925,993 for the year. A potential franchisee should consider these multiple revenue streams when evaluating the overall financial stability and growth potential of the Lees Famous Recipe franchise system.