factual

How much did All Team spend on rent in 2024?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

13,036 | $ 3,492,701 |

ALL TEAM FRANCHISE CORPORATION STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

2024 2023
OPERATING REVENUES
Royalty and license fees - franchise $ 312,310 $ 423,870
Funding and processing fees - franchise 430,716 606,672
Total Operating Revenues 743,026 1,030,542
OPERATING EXPENSES
Advertising - franchise 2,771 446
Accounting services 15,810 20,281
Auto expense 19,608 30,168
Bank and credit card fees 363 668
Charitable contributions 769 1,122
Computer/ IT 85,059 63,258
Dues and subscriptions 6,455 7,317
Professional services 163,699 189,877
Insurance 29,741 28,025
Funding fees 75,430 98,019
Wages, salaries and payroll benefits 743,717 813,640
Rent 72,893 66,751
Office supplies and expense 8,469 15,351
Postage and delivery 1,812 713
Equipment lease 17,074 15,708
Telephone and utilities 11,691 12,609
Licenses, permits and taxes 1,405 242
Miscellaneous - 1,850
Travel and entertainment 15,130 22,408
Total Operating Expenses 1,271,896 1,388,453
LOSS FROM OPERATIONS (528,870) (357,911)
OTHER INCOME (EXPENSES)
Provision for credit losses (6,000) (6,000)
Interest income 98,262 53,501
Employee retention credits - 49,780
Miscellaneous income

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the company's rent expense for 2024 was $72,893. This figure represents the cost All Team incurred for its operating lease during the specified year. This information is derived from the company's statements of operations, which detail revenues and expenses for the years ending December 31, 2024, and December 31, 2023.

For a prospective franchisee, understanding All Team's rent expenses can provide insight into the franchisor's financial stability and operational costs. While franchisees will be responsible for their own rent at their individual locations, this figure reflects the costs at the corporate level. Reviewing these expenses over multiple years, as presented in the statement of operations, can reveal trends and potential areas of cost management.

It's important to note that this rent expense is specifically associated with an operating lease. The FDD also includes details about the operating lease ROU (Right-of-Use) asset and related liabilities, providing a more comprehensive view of All Team's lease obligations. Franchisees should consider these figures in the context of the overall financial health of the franchisor, as detailed in the audited financial statements.

Overall, the rent expense is a component of the total operating expenses, which amounted to $1,271,896 in 2024. Understanding how rent contributes to the overall expense structure can help potential franchisees assess the financial management practices of All Team.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.