What was the amount of interest income All Team earned in 2022?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| OTHER INCOME (EXPENSES) | ||
| Provision for credit losses | (6,000) | (6,000) |
| Interest income | 53,501 | 25,733 |
| Employee retention credits | 49,780 | - |
| Miscellaneous income (expense) | 462,574 | 293,938 |
| Total Other Income (Expenses) | 559,855 | 313,671 |
| NET INCOME | $ 201,944 | $ 224,177 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the company earned $25,733 in interest income during the year 2022. This income is categorized under "OTHER INCOME (EXPENSES)" in their financial statements. For a prospective franchisee, this figure provides insight into the company's earnings from sources other than its core operating revenues, such as royalties and franchise fees. Interest income can be generated from cash balances, investments, or lending activities.
It's important to note that interest income is only one component of All Team's overall financial performance. In 2022, All Team also reported a provision for credit losses of ($6,000) and miscellaneous income of $293,938, contributing to a total other income (expenses) of $313,671. These figures, combined with operating revenues and expenses, ultimately determine the company's net income. Franchisees should consider these figures in the context of the company's broader financial health and trends over multiple years.
Understanding the sources and amounts of other income, like interest income, can help a potential All Team franchisee assess the stability and diversification of the franchisor's revenue streams. While $25,733 may not be a substantial amount compared to the company's total revenues, it demonstrates All Team's ability to generate income from various sources, which can be a positive indicator of financial management.