How much did All Team spend on wages, salaries, and payroll benefits in 2023?
All_Team Franchise · 2025 FDDAnswer 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 | 2 |
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 2023 totaled $813,640. This figure is part of the operating expenses reported in the company's financial statements. Reviewing these expenses can provide insight into the operational costs of All Team.
Specifically, this expense category reflects the total compensation paid to employees, including salaries, wages, and any additional payroll benefits. For a prospective franchisee, understanding these costs is crucial as it provides a benchmark for assessing the franchisor's financial health and stability. It also allows potential franchisees to compare these expenses with revenue to gauge the efficiency of All Team's operations.
Furthermore, the FDD includes comparative data from 2022 and 2024, allowing for a year-over-year analysis. In 2022, All Team's wages, salaries, and payroll benefits amounted to $976,331, while in 2024, the expense was $743,717. This data can help potential franchisees identify trends and assess how All Team manages its labor costs over time. Understanding these trends can be valuable in predicting future financial performance and operational strategies.
It is important for prospective franchisees to consider these figures in the context of overall financial performance. While a decrease in wage expenses might seem positive, it could also indicate changes in staffing levels or compensation policies that could affect the quality of service or employee morale. Therefore, a comprehensive understanding of these financial statements is essential for making an informed investment decision.