What was the total revenue for Management Recruiters in 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
hat date. Franchise royalties attributable to the acquiree of approximately $464 thousand is included in our consolidated statement of income for the year ended December 31, 2022.
| Year Ended | |||
|---|---|---|---|
| December 31, 2022 | December 31, 2021 | ||
| Total revenue | $ 31,097 | $ | 23,641 |
| Net income | 13,312 | 12,635 | |
| Basic earnings per share | $ 0.98 | $ | 0.94 |
| Ba |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the total revenue for the company in 2022 was $31,097,000. This figure represents the consolidated revenue of HQI and its wholly-owned subsidiaries, with intercompany balances and transactions eliminated. This revenue is comprised of franchise royalties and service revenue.
For a prospective franchisee, understanding the total revenue of Management Recruiters is crucial as it provides insight into the overall financial health and stability of the company. A higher total revenue generally indicates a stronger brand and potentially better support and resources for franchisees. It also reflects the demand for Management Recruiters' services and the effectiveness of its business model.
It is important to note that this total revenue figure does not directly translate into a franchisee's potential earnings. A franchisee's earnings will depend on various factors, including their location, operating expenses, and individual performance. However, the franchisor's overall revenue can be an indicator of the potential market and brand strength that a franchisee can leverage.