What were the total sales revenues for the Lees Famous Recipe 'Springfield Admin' location?
Lees_Famous_Recipe Franchise · 2025 FDDAnswer 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 'LFRC Springfield' location had sales by company-operated restaurants totaling $12,581,413. This figure represents the revenue generated directly from restaurant sales at that specific location.
In addition to revenue, the FDD provides a breakdown of costs associated with the 'LFRC Springfield' location. The cost of sales includes food and paper ($4,949,389), payroll ($3,947,304), and occupancy and other operating expenses ($1,530,311). These expenses contribute to a total cost of sales of $10,427,004 for the Springfield location. After deducting the cost of sales from the revenue, the 'LFRC Springfield' location shows a gross profit of $2,154,409.
Furthermore, general and administrative expenses for 'LFRC Springfield' amounted to $1,595,203, resulting in an operating income of $559,206. The location also generated miscellaneous income of $26,885, leading to an income before income taxes of $586,091. After accounting for income tax expenses of $22, the net income for the 'LFRC Springfield' location was $586,069. These figures provide a comprehensive overview of the financial performance of the company-operated restaurant in Springfield.