What was the total revenue for Lees Famous Recipe in 2023?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer from 2025 FDD Document
| During the years ended December 31, 2024, 2023, and 2022, the Company paid Lee’s Famous Recipe | |||||||
|---|---|---|---|---|---|---|---|
| Advertising Cooperative, | Inc. and | LFRC OH | Adverting Cooperative, | Inc. | $828,630, | $626,167, | and |
Source: Item 23 — RECEIPTS (FDD pages 70–287)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Lees Famous Recipe does not explicitly state the total revenue for the company in 2023. However, it does provide information on payments made by the company to the Lee's Famous Recipe Advertising Cooperative, Inc. and LFRC OH Advertising Cooperative, Inc. during the years 2022, 2023, and 2024.
Specifically, the document indicates that in 2023, Lees Famous Recipe paid $626,167 to the Lee's Famous Recipe Advertising Cooperative, Inc. While this figure represents the company's contribution to the advertising cooperative, it does not reflect the overall revenue of the Lees Famous Recipe system.
To determine the total revenue for Lees Famous Recipe in 2023, a prospective franchisee should directly ask the franchisor for the company's financial statements or other documents that detail the system's gross revenue. This information is crucial for assessing the financial health and performance of the franchise system.