What was the reported consolidated net income for Monicals Pizza as of December 31, 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Performance Measures: December 31, 2023 | December 31, 2022 | |||
|---|---|---|---|---|
| Operating Revenues | $46,821,183 | $46,155,468 | ||
| Change in Operating Revenues over Prior Year | 1.4% | -0.6% | ||
| Consolidated Net Income | $1,680,571 | $894,285 | ||
| Basic and Diluted Earnings per Share | $4.30 | $2.29 |
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 as of December 31, 2023, was reported as $1,680,571. This figure represents the company's profit after all expenses, including cost of restaurant sales, store labor, operating costs, occupancy, depreciation, general and administrative expenses, and profit sharing, have been deducted from total revenues. It also factors in other income and expenses such as interest income, interest expense from finance leases, other income, and losses from the sale of fixed assets.
For a prospective Monicals Pizza franchisee, understanding the consolidated net income is crucial as it provides insight into the overall financial health and profitability of the company. A higher net income generally indicates better financial performance and stability, which can be a positive sign for potential investors. It's also useful to compare this figure with previous years to identify trends and assess the company's growth trajectory. In 2022, the Consolidated Net Income was $894,285.
Additionally, the FDD provides a breakdown of how Monicals Pizza generates its revenue and manages its expenses. In 2023, restaurant sales accounted for $45,815,328 and franchising revenues totaled $1,005,855, contributing to total operating revenues of $46,821,183. Operating expenses amounted to $45,444,566, resulting in an operating income of $1,376,617. Other income sources, such as interest income, further boosted the net income. These figures help potential franchisees understand the various revenue streams and cost factors that influence the company's profitability.
It is important for prospective franchisees to analyze these financial statements in detail, possibly with the help of a financial advisor, to gain a comprehensive understanding of Monicals Pizza's financial performance and to assess the potential risks and rewards associated with investing in a franchise. Understanding the components of net income, such as revenue sources and expense categories, can aid in making an informed decision about whether to invest in a Monicals Pizza franchise.