What was Petro Stopping Center's profit (loss) before taxation in 2022?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Profit (loss) before taxation | 4,044 | 6,087 | 15,030 |
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the profit (loss) before taxation in 2022 was $15,030. This figure is presented in a table outlining the company's receipts for the years 2022, 2023, and 2024.
Specifically, this number reflects the earnings before any tax obligations were accounted for, offering a glimpse into the raw profitability of Petro Stopping Center before considering tax implications. For a prospective franchisee, understanding the profit before taxation is crucial as it provides a basis for evaluating the underlying financial health and potential of the franchise.
However, it is important to note that this profit is before taxation, and the actual profit after tax will be lower. The FDD also lists the 'Tax charge (credit) on profit or loss' for 2022 as $4,589 and the 'Effective tax rate' as 31%. Reviewing these figures alongside the profit before taxation provides a more complete picture of Petro Stopping Center's financial performance and the impact of taxes on its profitability.