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What was the net income for All Team 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 net income for the company in 2022 was $224,177. This figure represents the profit All Team retained after deducting all operating expenses, other expenses, and applicable losses from its total operating revenues and other income sources during that year.

Specifically, All Team's operating revenues in 2022 totaled $1,464,021, derived from royalty and license fees ($661,052) and funding/processing fees ($802,969) from its franchise operations. However, the company also incurred substantial operating expenses, amounting to $1,553,515, which included significant costs such as wages, salaries, and payroll benefits ($976,331) and funding fees ($258,432). This resulted in a loss from operations of $89,494.

Despite the operating loss, All Team managed to achieve a net income of $224,177 due to other income and expense items. These included a provision for credit losses of $6,000, interest income of $25,733, and miscellaneous income of $293,938, resulting in total other income of $313,671. The combination of the operating loss and other income resulted in the reported net income for 2022.

Prospective franchisees should consider All Team's financial performance, including both revenues and expenses, over multiple years to understand the company's profitability trends and the factors influencing its net income. Understanding these trends can help franchisees assess the financial stability and potential risks associated with investing in an All Team franchise.

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.