What was the net income (loss) for Mr. Sandless in 2023?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Beginning | (195,969) | (203,056) | | Members' Contributions/(Distributions) | (66,298) | 31,911 | | Members' (Deficit) - Ending | $ (163,069) | $ (195,969) |
MR. SANDLESS FRANCHISE, LLC STATEMENT OF CASHFLOWS
| YEARS ENDED DECEMBER 31 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Cash Flows from Operating Activities: | ||||
| Net Income (Loss) | $ |
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 of $24,824 in 2023. This information is derived from the cash flow statement, which reconciles net income to net cash provided by operating activities. In 2024, Mr. Sandless reported a net income of $99,198.
For a prospective franchisee, understanding the franchisor's financial performance is crucial. A net loss, as seen in Mr. Sandless's 2023 results, can indicate potential financial instability or challenges within the company. It's important to investigate the reasons behind the loss, whether it's due to increased investments, marketing expenses, or other factors.
However, the subsequent year's net income of $99,198 suggests a potential turnaround or improvement in financial performance. Franchisees should analyze these trends over several years to assess the overall financial health and stability of Mr. Sandless. It would be prudent to ask Mr. Sandless about the factors contributing to both the loss in 2023 and the subsequent profit in 2024 to gain a clearer understanding of the company's financial trajectory.