What were the total expenses for 1-800-GOT-JUNK? for the period ended May 31, 2025?

According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, several specific expense categories are listed for the period ended May 31, 2025. These include interest expenses of $303,956, insurance costs of $143,751, and field operations expenses amounting to $167,017. Additionally, 1-800-GOT-JUNK? incurred office and general expenses of $30,486, accounting and legal fees of $17,636, and state franchise tax expenses of $12,236. Other expenses include bank charges of $11,285, amortization costs of $9,288, and bad debt expenses, which are listed as zero for this period.

These figures provide a detailed snapshot of the types and amounts of expenses 1-800-GOT-JUNK? faced during this specific period. However, the document does not provide a single, aggregated "total expenses" figure. Instead, it breaks down expenses into these specific categories, offering insight into where the company's money was spent. A prospective franchisee would need to sum these individual line items, and potentially other expenses not listed, to arrive at a total expense figure for the period.

It's important to note that these expenses reflect the costs incurred by 1-800-GOT-JUNK? LLC, the master franchisor, and not the operating expenses of an individual franchisee. Understanding the franchisor's expenses can still be useful for a prospective franchisee, as it can provide insight into the financial health and operational costs of the overall 1-800-GOT-JUNK? organization. To understand the expenses a franchisee will face, they should carefully review Item 7 of the FDD and speak with existing franchisees.

To get a complete picture of all expenses, a prospective 1-800-GOT-JUNK? franchisee should request a full, audited income statement from the franchisor. This statement would provide a comprehensive view of all revenues, expenses, and net income, offering a clearer understanding of the company's overall financial performance. Additionally, speaking with current franchisees about their operating expenses would provide valuable real-world insights.