What were the total expenses for 1-800-GOT-JUNK? for the period ended May 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
408,311 Interest
100,414 Insurance
191,378 Field operations
31,431 Office and general
200,200 Accounting and legal
13,935 State franchise tax
20,305 Bank charges
20,952 Amortization
145,077 Bad debt
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, 1-800-GOT-JUNK?'s expenses for the period ended May 31, 2024, included several categories. These expenses provide insight into the operational costs incurred by the franchisor during that time.
Specifically, interest expenses amounted to $408,311, while insurance costs totaled $100,414. Field operations expenses were $191,378, and office and general expenses reached $31,431. Accounting and legal fees totaled $200,200, and state franchise tax expenses were $13,935. Bank charges amounted to $20,305, and amortization expenses were $20,952. Bad debt expenses were $145,077.
These figures offer a detailed breakdown of where 1-800-GOT-JUNK? allocated its resources during the specified period. A prospective franchisee can use this information to understand the types and relative magnitudes of expenses that a franchisor like 1-800-GOT-JUNK? typically incurs. However, the document does not provide the total expenses, so a prospective franchisee should ask the franchisor for this information.