What was the total payroll and related expenses for All County in 2024?
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 & Administrative Expenses | 594,010 | 593,358 | 482,846 |
| Marketing & Selling Expenses | 505,096 | 611,723 | 607,828 |
| Payroll & Related Expenses | 1,005,553 | 920,699 | 826,294 |
| Travel & Related Expenses | 426,014 | 310,958 | 218,172 |
| Total Expenses | 2,646,486 | 2,628,401 | 2,246,536 |
| OPERATING INCOME (LOSS) | 444,513 | 192,420 | 132,587 |
| OTHER INCOME (EXPENSES) | |||
| Depreciation Expense | (21,008) | (1,399) | - |
| Interest Expense - Operations | - | (1,080) | (1,432) |
| Total Other Income (Expenses) | (21,008) | (2,479) | (1,432) |
| NATIONA |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the total payroll and related expenses for the company in 2024 were $1,005,553. This figure represents the costs associated with employee compensation, including salaries, wages, benefits, and payroll taxes.
For a prospective All County franchisee, understanding the franchisor's payroll expenses can offer insights into the operational costs and potential profitability of the franchise system. It's important to note that this figure reflects All County's corporate expenses and not the expenses of individual franchisees. Franchisees will incur their own payroll and related expenses based on their staffing needs.
Comparing the 2024 payroll expenses to previous years, such as 2023 ($920,699) and 2022 ($826,294), reveals a trend of increasing payroll costs for All County. This could be due to factors such as increased staffing levels, salary increases, or rising benefit costs. Franchisees should consider these trends when evaluating the financial stability and growth potential of the All County franchise system.
It is important for potential franchisees to conduct thorough due diligence and consult with financial advisors to fully understand the financial implications of investing in an All County franchise. While the FDD provides valuable information, it is essential to consider individual circumstances and market conditions when making investment decisions.