What was the net income (loss) for Mr. Sandless in 2022?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
enue | 62,270 | 50,270 | | | 62,714 | 65,609 | | Deferred revenue, net of current | 298,540 | 212,810 | | Members' (Deficit) | (203,056) | (76,192) | | Total Liabilities and Members' (Deficit) | $ 158,198 | $ 202,227 |
STATEMENTS OF OPERATIONS AND MEMBERS' (DEFICIT) MR. SANDLESS FRANCHISE, LLC
| YEARS ENDED DECEMBER 31 | ||
|---|---|---|
| 2022 | 2021 | |
| Revenues | ||
| Royalties | $ 685,356 | $ 596,025 |
| Franchise fees | 237,772 | 203,270 |
| Brand development fees | 121,257 | 120,449 |
| Materials | 208,782 | 110,000 |
| Other income | 16 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the company experienced a net loss in 2022. Specifically, Mr. Sandless's net income (loss) for the year ended December 31, 2022, was ($90,611). This means that the company's expenses exceeded its revenues by this amount during that year.
For a prospective franchisee, this information is crucial as it provides insight into the financial performance of Mr. Sandless. A net loss could indicate potential financial instability or challenges within the company. However, it is essential to consider this figure in the context of other financial data, such as revenue trends, operating expenses, and overall financial health, over multiple years to get a more comprehensive understanding.
It's also worth noting that the FDD includes financial statements audited by an independent CPA, lending more credibility to the figures presented. Franchisees should review these financial statements carefully and possibly consult with a financial advisor to assess the risks and opportunities associated with investing in a Mr. Sandless franchise. Understanding the reasons behind the net loss, and the steps Mr. Sandless is taking to address it, is a key part of due diligence.