What were the total operating expenses for All County in 2023?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| Retained Earnings (Deficit) | 195,251 | (110,516) | 45,901 | | STOCKHOLDERS' EQUITY (DEFICIT) | 337,459 | 31,692 | 188,109 | | TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) | $ 470,860 | $ 195,181 | $ 236,144 | | | | | |
Statements of Income
For Years Ended December 31, 2024, 2023, & 2022
| Year 2024 | Year 2023 | Year 2022 | |
|---|---|---|---|
| REVENUES | |||
| Sales of Franchises | $ 315,000 | $ 416,000 | $ 365,000 |
| Royalities, Training, & Other Income | 2,775,999 | 2,402,475 | 2,014,123 |
| Other Income | - | 2,346 | - |
| Total Revenues | 3,090,999 | 2,820,821 | 2,379,123 |
| OPERATING EXPENSES | |||
| Facilities & Office Space Support | 115,813 | 191,663 | 111,396 |
| General |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the total operating expenses for the company in 2023 were $2,628,401. This figure represents the sum of several categories of expenses, including facilities and office space support, general and administrative expenses, marketing and selling expenses, payroll and related expenses, and travel and related expenses. These expenses are essential for running the All County franchise system.
Breaking down the operating expenses, facilities and office space support amounted to $191,663, general and administrative expenses were $593,358, marketing and selling expenses totaled $611,723, payroll and related expenses reached $920,699, and travel and related expenses were $310,958. These individual figures provide a more detailed view of where All County allocated its resources in 2023. A prospective franchisee can use this information to understand the types and relative amounts of expenses that All County incurs to support its franchise operations.
Understanding these expenses can help a potential All County franchisee to benchmark their own potential costs and assess the financial health and operational efficiency of the franchisor. It is important to note that these are expenses at the corporate level and may not directly translate to the expenses a franchisee will incur in operating their individual franchise. However, they offer insight into the franchisor's financial management and resource allocation.