What was the total income for Mr. Sandless from 'NTFN' 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 income from 'NTFN' (presumably a specific revenue stream or program) was $2,194.00 during January through February 2025. This figure is part of the 'Pass Through Income' category, which totaled $68,868.03 for the same period. The total income for Mr. Sandless during this period, encompassing all sources, was $247,244.70.
For a prospective franchisee, understanding the different income streams is crucial. 'NTFN' represents a small but potentially significant portion of the overall revenue. It's important to investigate what 'NTFN' refers to specifically—whether it's a marketing program, a specific product line, or another type of revenue source. Knowing the details of this income stream can help a franchisee understand its potential and how to maximize it.
It is also important to note that while the total income for January-February 2025 was $247,244.70, this does not directly translate to profit for Mr. Sandless. The document also lists expenses, including the advertising expenses that include NTFN. A prospective franchisee should analyze the expenses alongside the income to get a clearer picture of the company's profitability and the factors that contribute to it.