What was the total income for Mr. Sandless from 'Franchise Kits' during January-February 25?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
001 · Retained Earnings | -392.10 | | 3002 · Retained Earnings - Prior Year | 24,694.00 | | 3003 · Withdrawals | -122,680.33 | | Net Income | 39,679.84 | | Total Equity | -58,698.59 | | TOTAL LIABILITIES & EQUITY | 271,991.04 |
7:52 PM Mr. Sandless Franchise LLC 04/15/25 Profit & Loss
Accrual Basis January through February 2025
| Jan - Feb 25 | |
|---|---|
| Ordinary Income/Expense | |
| Income | |
| 1 Direct Income | |
| E. Other | |
| 4003 · Administration Fees | 7,697.12 |
| 4106 · Online Product Sales | 50.00 |
| Total E. Other | 7,747.12 |
| 4001 · A. Franchise Fees | 45,000.00 |
| 4006 · C. Franchise Royalty Fees | 125,579.55 |
| Total 1 Direct Income | 178,326.67 |
| 3 Pass Through Income | |
| Gmail email | 1,690.00 |
| 4004 · Advertising Fund | 14,984.03 |
| 4008 · Franchise Kits | 50,000.00 |
| 4011 · NTFN | 2,194.00 |
| Total 3 Pass Through Income | 68,868.03 |
| 4024 · Credit | 50.00 |
| Total Income | 247,244.70 |
| Cost of Goods Sold | |
| 5002 · Carpentry Supplies | 389.51 |
| 5003 · Franchise Kits | 8,597.80 |
| Total COGS | 8,987.31 |
| Gross Profit | 238,257.39 |
| Expense | |
| Merchant deposit fees | 1,845.07 |
| Payroll | 110,594.77 |
| 6039 · Payroll Expenses - Gross | 13,256.47 |
| Payroll - Other | |
| Total Payroll | 123,851.24 |
| Payroll taxes | |
| 6040 · FUTA | 230.25 |
| 6041 · PaUC | 2,374.87 |
| 6042 · S.S. & Medicare | 8,398.79 |
| Payroll taxes - Other | 3,023.01 |
| Total Payroll taxes | 14,026.92 |
| Returned Check | |
| Insuff. |
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's total income from 'Franchise Kits' for the period of January through February 2025 was $50,000. This figure is part of the 'Pass Through Income' category in the profit and loss statement. The document specifies that this income was recorded on an accrual basis.
For a prospective Mr. Sandless franchisee, this indicates a revenue stream for the franchisor derived from the sale of franchise kits. It's important to note that while this represents income for Mr. Sandless, franchisees will likely incur a corresponding expense when purchasing these kits to start their own operations. Understanding the contents and costs associated with these franchise kits is crucial for assessing the initial investment required.
It is also important to note that the profit and loss statement is unaudited. Prospective franchisees should consider this information in conjunction with other financial data and due diligence to gain a comprehensive understanding of Mr. Sandless's financial performance and the potential costs and revenues associated with operating a franchise.