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How much did All Team spend on wages, salaries, and payroll benefits in 2022?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

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 DECEMBER 31, 2023 AND 2022

2023 2022
OPERATING REVENUES
Royalty and license fees - franchise $ 423,870 $ 661,052
Funding and processing fees - franchise 606,672 802,969
Total Operating Revenues 1,030,542 1,464,021
OPERATING EXPENSES
Advertising - franchise 446 1,186
Accounting services 20,281 18,370
Auto expense 30,168 29,327
Bank and credit card fees 668 654
Charitable contributions 1,122 100
Computer/ IT 63,258 55,597
Dues and subscriptions 7,317 5,182
Professional services 189,877 53,040
Insurance 28,025 38,303
Funding fees 98,019 258,432
Wages, salaries and payroll benefits 813,640 976,331
Rent 66,751 63,738
Office supplies and expense 15,351 11,220
Postage and delivery 713 2,527
Equipment lease 15,708 16,250
Telephone and utilities 12,609 17,975
Licenses, permits and taxes 242 1,717
Miscellaneous 1,850 233
Travel and entertainment 22,408 3,333
Total Operating Expenses 1,388,453 1,553,515
LOSS FROM OPERATIONS (357,911) (89,494)
OTHER INCOME (EXPENSES)
Provision for credit losses (6,000) (6,000)
Interest inco

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 expenses for wages, salaries, and payroll benefits in 2022 totaled $976,331. This figure is part of the operating expenses detailed in the financial statements. For a prospective franchisee, understanding these costs at the corporate level can provide insight into the operational expenses All Team faces.

This information is valuable for potential franchisees as it offers a glimpse into the financial health and cost management strategies of All Team. While franchisees will have their own wage and salary expenses, seeing the franchisor's costs can help them understand potential support costs factored into royalties or fees. It also allows them to benchmark against industry standards and assess the efficiency of All Team's operations.

It's important to note that these figures reflect All Team's corporate expenses and may not directly translate to the costs a franchisee will incur. However, understanding the franchisor's financial management can contribute to a more informed decision-making process for anyone considering investing in an All Team franchise. Reviewing these figures in the context of overall revenues and profitability provides a more comprehensive financial picture.

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.