How much did All Team spend on wages, salaries, and payroll benefits in 2022?
All_Team Franchise · 2025 FDDAnswer 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.