What was the amount of interest income for All Team in 2024?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| OTHER INCOME (EXPENSES) | ||
| Interest income | 98,262 | 53,501 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the interest income for 2024 was $98,262. This income contributes to All Team's overall financial performance, which is detailed in the financial statements. For a prospective franchisee, understanding the sources of income for the franchisor can provide insights into the financial stability and potential revenue streams of the All Team franchise system.
Interest income is categorized under 'Other Income (Expenses)' in the financial statements. Besides interest income, this category also includes items such as provision for credit losses and miscellaneous income (expense). The total for 'Other Income (Expenses)' in 2024 was $485,342.
Reviewing the franchisor's financial statements is a crucial step in franchise due diligence. It allows potential franchisees to assess the financial health and historical performance of All Team. Understanding the different revenue streams and expenses can help in making an informed decision about investing in the franchise.