factual

How much did All Team spend on wages, salaries, and payroll benefits in 2023?

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 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.

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.