table_specific

What was the net income for All Team 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 1,405 242
Miscellaneous - 1,850
Travel and entertainment 15,130 22,408
Total Operating Expenses 1,271,896 1,388,453
LOSS FROM OPERATIONS (528,870) (357,911)
OTHER INCOME (EXPENSES)
Provision for credit losses (6,000) (6,000)
Interest income 98,262 53,501
Employee retention credits - 49,780
Miscellaneous income

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 net income for the year 2023 was $201,944. This figure represents the profit All Team retained after deducting all operating expenses, other expenses, and accounting for other income items like interest and employee retention credits.

Specifically, the FDD provides a breakdown of how this net income was derived. All Team's total operating revenues in 2023 amounted to $1,030,542, which came from royalty and license fees from franchises ($423,870) and funding/processing fees from franchises ($606,672). However, the company also incurred significant operating expenses totaling $1,388,453, resulting in a loss from operations of ($357,911). This loss was offset by other income items totaling $559,855, which included items such as interest income and employee retention credits, ultimately leading to the reported net income of $201,944.

Prospective franchisees should note that while All Team reported a net income in 2023, this was heavily influenced by other income sources that offset operational losses. Understanding the sustainability and predictability of these other income sources is crucial for assessing the overall financial health and stability of All Team. It would be prudent for potential franchisees to inquire about the nature and consistency of these income streams during their due diligence process.

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.