What were the bank charges for 1-800-GOT-JUNK? for the period ended May 31, 2024?

According to the 2025 FDD, 1-800-GOT-JUNK?'s bank charges for the period ended May 31, 2024, were $13,935. This figure represents the expenses incurred by 1-800-GOT-JUNK? for banking services during this specific timeframe.

For a prospective franchisee, understanding the bank charges is crucial for budgeting and financial planning. These charges can include fees for account maintenance, transaction fees, or other banking-related services. While $13,935 represents the consolidated charges for 1-800-GOT-JUNK? LLC, individual franchisees will also incur their own bank charges depending on their banking arrangements and transaction volumes.

It's important for potential franchisees to factor in these costs when projecting their operating expenses. Bank charges can vary based on the financial institution used, the types of services required, and the volume of transactions processed. Therefore, franchisees should research and compare different banking options to minimize these expenses and optimize their financial performance.

The FDD also lists bank charges for the period ended May 31, 2025, as $12,236. Comparing these figures year-over-year can provide insights into trends and potential fluctuations in banking costs, although it is important to remember that these are the franchisor's costs and not necessarily indicative of what a franchisee might experience.