What was the net income (loss) for Mr. Sandless in the year ended December 31, 2024?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
0,000 | | Members' (Deficit) | | (163,069) | | (195,969) | | Total Liabilities and Members' (Deficit) | $ | 132,206 | $ | 239,275 |
MR. SANDLESS FRANCHISE, LLC STATEMENTS OF OPERATIONS AND MEMBERS' (DEFICIT)
| YEARS ENDED DECEMBER 31 | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Royalties | $ 933,381 | $ 817,140 |
| Franchise fees | 254,000 | 298,947 |
| Brand development fees | 127,213 | 120,206 |
| Materials | 74,278 | 204,162 |
| Other income | 92,256 | 117,207 |
| 1,481,128 | 1,557,662 | |
| Operating expenses | 1,381,930 | 1,582,486 |
| Net Incom |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the net income for the year ended December 31, 2024, was $99,198. This is a notable improvement compared to the previous year, as Mr. Sandless experienced a net loss of $24,824 for the year ended December 31, 2023. These figures are derived from the company's audited financial statements.
These financial results provide insight into the overall profitability and financial health of Mr. Sandless. A positive net income suggests that the company's revenues exceeded its operating expenses for the specified period. For prospective franchisees, this could be an encouraging sign, indicating a potentially stable and profitable franchise system.
However, it's important to consider these figures in the context of the company's complete financial statements, including revenues, expenses, assets, and liabilities. Additionally, prospective franchisees should investigate the reasons behind the increase in net income from 2023 to 2024 to understand the factors driving the company's financial performance and to assess whether these trends are likely to continue.