What was the total revenue for Lees Famous Recipe in 2022?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
Before Income Taxes | (291,4: | 53) | 3,058,094 | | 1,888,349 | | 42,571 | | 2,284,639 | | (326,572) | | (6,960,138) | | (304,510) | | Income Tax Benefit | | | | | - | | | | (141) | _ | | | | | (141) | | Net Income (Loss) | $ (291,4 | 53) $ | 3,058,094 | $ | 1,888,349 | $ | 42,571 | $ | 2,284,498 | $ | (326,572) | $ | (6,960,138) | $ | (304,651) |
ARTEMIS RESTAURANT CORP. CONSOLIDATING STATEMENT OF OPERATIONS LFR CHICKEN, LLC FROM MAY 6, 2021 (INCEPTION) TO DECEMBER 31, 2021
| Revenue: | LFR Chicken | Lee's Distribution | Lee's Franchisor | Lee's 4-Wall LLC | Elimination | LFR Chicken, LLC Total |
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Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to the 2025 Lees Famous Recipe FDD, the total revenue for LFR Chicken, LLC, which includes several subsidiaries, was $8,433,796 in 2022. This revenue is broken down by source, including proprietary product revenue ($6,377,457), royalties ($540,737), franchise, license, and development fees ($7,500), and sales by company-operated restaurants ($1,508,102). These figures represent the consolidated revenue streams for the various entities under LFR Chicken, LLC.
It is important to note that these revenue figures are part of the consolidated financial statements, which include Artemis, LFR Chicken, and their subsidiaries. The revenue streams are divided among different entities such as Lee's Distribution, Lee's Franchisor, and Lee's 4-Wall LLC, each contributing to the overall total. For instance, Lee's Distribution generated $6,070,247 from proprietary product revenue, while Lee's Franchisor earned $540,737 from royalties.
A prospective franchisee should consider these figures to understand the revenue generation model of Lees Famous Recipe. The breakdown provides insight into the relative importance of different revenue streams, such as proprietary product sales versus royalties and franchise fees. Understanding these dynamics can help a franchisee assess the potential financial performance of their own outlet and the overall health of the Lees Famous Recipe franchise system.