What was the net income for Monicals Pizza in 2024?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| OPERATING REVENUES: | |||||
| Restaurant sales | $ | 45,815,328 | $ | 45,177,919 | |
| Franchising revenues | • | 1,005,855 | , | 977,549 | |
| Total operating revenues | 46,821,183 | 46,155,468 | |||
| OPERATING EXPENSES (INCOME): | |||||
| Cost of restaurant sales | 11,953,858 | 12,624,482 | |||
| Store labor | 17,728,791 | 17,402,656 | |||
| Operating | 5.702.647 | 5,968,408 | |||
| Occupancy | 3,828,519 | 3,856,181 | |||
| Depreciation | 1,165,083 | 1,177,751 | |||
| General and administrative | 4,935,692 | 4,324,512 | |||
| Profit sharing | 163,266 | 97,130 | |||
| Net gain from insurance proceeds | (33,290) | (50,915) | |||
| Total operating expenses | 45,444,566 | 45,400,205 | |||
| OPERATING INCOME | 1,376,617 | 755,263 | |||
| OTHER INCOME (EXPENSES): | |||||
| Interest income | 307,758 | 124,907 | |||
| Interest expense - finance leases | (34,864) | (16,152) | |||
| Other income | 33,464 | 31,297 | |||
| Loss on sale of fixed assets | (2,404) | (1,030) | |||
| Total other income | 303,954 | 139,022 | |||
| NET INCOME | 1,849,358 | 894,285 , | |||
| Basic and diluted income per common share: | _ | _ | |||
| Net income per common share | $ | 4.73 | $ | 2.29 | |
| Weighted average shares outstanding | 391,250 | 391,175 |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the consolidated net income for the year ending December 31, 2024, was $1,849,358. This figure represents the company's profit after all revenues and expenses have been accounted for during that fiscal year. This information is derived from the consolidated statements of income for Monicals Pizza Corporation and its subsidiaries.
For a prospective franchisee, the net income figure provides insight into the overall financial health and profitability of Monicals Pizza. A higher net income generally indicates a more successful and stable company, which can be a positive sign for potential investors. It demonstrates the brand's ability to generate profit after covering all its operational costs, including restaurant sales, franchising revenues, store labor, and administrative expenses.
It's important to note that this is a consolidated figure, reflecting the performance of both company-owned and franchised locations. While the net income provides a general overview, prospective franchisees should also review other financial statements and notes within the FDD to gain a more comprehensive understanding of Monicals Pizza's financial performance. Analyzing trends in revenue, expenses, and profitability over several years can offer a more informed perspective on the franchise's potential.