What was the amount of royalty and license fees All Team collected from franchises in 2022?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| CURRENT ASSETS | ||
| Cash | $ 1,015,879 | $ 894,307 |
| Accounts receivable-trade, pledged, | 1,075,420 | 2,468,379 |
| less credit losses of $57,416 and $51,915, respectively | ||
| Advances to related parties | 1,091,453 | 486,445 |
| Prepaid expenses | 20,368 | 4,098 |
| Due from IRS | 49,780 | - |
| Total Current Assets | 3,252,900 | 3,853,229 |
| PROPERTY AND EQUIPMENT, net | - | - |
| OTHER ASSETS | ||
| Operating lease right-of-use assets | 143,935 | 192,816 |
| Deposits | 34,537 | 34,537 |
| Intangible assets | 61,329 | 61,329 |
| Total Other Assets | 239,801 | 288,682 |
| TOTAL ASSETS | $ 3,492,701 | $ 4,141,911 |
| CURRENT LIABILITIES | ||
| Accounts payable - trade | $ 3,528 | $ - |
| Due to stockholder | 39,378 | 69,378 |
| Current maturity of operating lease liability | 53,626 | 48,881 |
| Credit line payable | 1,321,084 | 1,708,300 |
| Accrued expenses | 231,956 | 277,627 |
| Other funding liabilities | 919,887 | 1,246,428 |
| Total Current Liabilities | 2,569,459 | 3,350,614 |
| LONG TERM LIABILITY | ||
| Operating lease liability, net of current maturity | 90,309 | 143,935 |
| Total Long-Term Liability | 90,309 | 143,935 |
| Total Liabilities | 2,659,768 | 3,494,549 |
| STOCKHOLDER'S EQUITY | ||
| Common stock - $1 par value; 30,000 shares authorized, 1,000 | ||
| shares issued, and 1,000 shares outstanding | 1,000 | 1,000 |
| Additional paid in capital | 119,000 | 119,000 |
| Retained earnings | 712,933 | 527,362 |
| Total Stockholder's Equity | 832,933 | 647,362 |
| TOTAL LIABILITIES & STOCKHOLDER'S EQUITY | $ 3,492,701 | $ 4,141,911 |
ALL TEAM FRANCHISE CORPORATION STATEMENTS OF OPERATIONS
**FOR THE YEARS ENDED
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the total royalty and license fees collected from franchises in 2022 amounted to $661,052. This figure represents the income All Team generated from its franchisees through royalty and licensing agreements during that year. These fees are typically a percentage of the franchisees' gross sales.
For a prospective All Team franchisee, this indicates the scale of royalty payments being made by the existing franchise network. It is important to note that the royalty and license fees collected can fluctuate year to year, as seen by the decrease to $423,870 in 2023. This could be due to a variety of factors, including changes in the number of active franchises, the sales performance of those franchises, or modifications to the royalty fee structure.
Understanding the historical trends in royalty and license fee collection can help a potential franchisee assess the stability and performance of the All Team franchise system. It's crucial to compare these figures with other revenue streams and operating expenses to get a comprehensive view of All Team's financial health. Prospective franchisees should inquire about the specific factors that influence these revenue trends and how they might impact their own franchise operations.