table_specific

What was the net loss for Mrcool in 2024?

Mrcool Franchise · 2025 FDD

Answer from 2025 FDD Document

9,762 | 0 | | Prepaid expenses | 1,163 | 1,080 | | Inventory | 677 | 0 | | Total current assets | 442,814 | 1,927 |

MRCOOL FRANCHISING, LLC STATEMENTS OF MEMBERS' EQUITY FOR THE YEARS ENDED DECEMBER 31,

| | 2024 | 2023 | |---

Source: Item 23 — RECEIPTS (FDD pages 55–263)

What This Means (2025 FDD)

According to Mrcool's 2025 Franchise Disclosure Document, the company experienced a net loss of $200,959 in 2024. This figure reflects the financial performance of Mrcool Franchising, LLC for the year ending December 31, 2024. In comparison, the net loss for the previous year, 2023, was $18,602.

The significant increase in net loss from 2023 to 2024 could be a point of concern for potential franchisees. It is important to note that during 2024, Mrcool also had member contributions of $69,421. These contributions partially offset the net loss, but the company still ended the year with a substantial deficit.

Prospective franchisees should carefully evaluate Mrcool's financial statements and understand the reasons behind the increased net loss. Investigating the company's strategies for improving profitability and ensuring long-term financial stability is crucial. Understanding the details behind the member contributions and how they impact the overall financial health of Mrcool is also advisable.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.