What was the net income (loss) for Mr. Sandless for the year ended December 31, 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 for the year ended December 31, 2022. The net loss was $90,611. This figure is an important indicator of the company's financial performance during that period. In comparison, for the year ended December 31, 2021, Mr. Sandless had a net income of $63,998.
It is important to note that the net income (loss) reflects the overall profitability of Mr. Sandless after accounting for all revenues and operating expenses. Revenues for the year ended December 31, 2022 totaled $1,420,512, while operating expenses totaled $1,511,123. The revenue streams included royalties of $685,356, franchise fees of $237,772, brand development fees of $121,257, materials of $208,782, and other income of $167,345.
A prospective franchisee should carefully consider these figures, as they provide insight into the financial stability and performance of Mr. Sandless. Understanding the reasons behind the net loss in 2022, compared to the net income in 2021, is crucial. This includes analyzing changes in revenue streams and operating expenses. Franchisees should also compare these figures to industry benchmarks to assess Mr. Sandless's performance relative to its competitors.
Furthermore, a prospective franchisee should investigate Mr. Sandless's strategies for improving profitability and ensuring long-term financial health. Reviewing subsequent financial statements and discussing financial performance with current franchisees can provide a more comprehensive understanding of the franchise's financial trajectory.