What were the management fees for Afuri Ramen Dumpling in 2021?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
and provide the initial training program, among others.
NOTE 4. RELATED PARTY TRANSACTIONS
The Company recorded management fees of $175,279 and $98,000, during the years ended December 31, 2021 and 2020, respectively. The fees include management, consul
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the company recorded management fees of $175,279 for the year ending December 31, 2021. These fees encompassed management, consulting, and accounting wages, franchisee training costs, as well as office rent, insurance, and utilities.
For a prospective franchisee, this indicates the scale of Afuri Ramen Dumpling's operational and support expenses that are factored into the overall financial structure. It's important to note that these fees are distinct from the initial franchise fee, royalty fees, and marketing fees that franchisees are also required to pay.
Understanding the components covered by these management fees can give a franchisee insight into the resources and services Afuri Ramen Dumpling provides to support its franchise network. This information can be useful in evaluating the overall value proposition of the franchise opportunity and comparing it to other similar restaurant franchises.