What was the total amount of selling, general, and administrative expenses for 1 800 Packouts?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Revenues | $47,493,372 | $38,119,222 |
| Cost of revenues | 14,071,864 | 10,711,574 |
| Gross profit | 33,421,508 | 27,407,648 |
| Operating expenses: | ||
| Selling, general, and administrative | 28,732,110 | 24,077,839 |
| Depreciation and amortization | 11,953,138 | 12,782,735 |
| Total operating expenses | ||
| 40,685,248 | 36,860,574 | |
| Loss from operations | (7,263,740) | (9,452,926) |
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts's 2025 Franchise Disclosure Document, the selling, general, and administrative expenses for 2024 were $28,732,110 and for 2023 were $24,077,839. This indicates the costs associated with these expenses increased from 2023 to 2024. These expenses are part of the operating expenses for 1 800 Packouts.
For a prospective franchisee, understanding these figures is crucial as selling, general, and administrative expenses reflect the costs of running the business, including marketing, salaries, and other overhead. Monitoring these expenses can help a franchisee gauge the financial health and efficiency of 1 800 Packouts.
It's important to note that these figures are for the overall company and not specific to individual franchise locations. A franchisee's own selling, general, and administrative expenses will depend on their specific operations, location, and management practices. Reviewing these figures in the FDD can provide a benchmark for comparison and help in financial planning.