factual

What was the net income for the All Team franchise in 2024?

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 net income for the year 2024 was a loss of $43,528. This is in contrast to the previous year, 2023, when All Team reported a net income of $201,944. This figure is derived from the audited financial statements included in the FDD. These statements provide a comprehensive overview of All Team's financial performance, including revenues, expenses, and overall profitability.

Specifically, the financial statements detail the various components contributing to All Team's net income. In 2024, total operating revenues amounted to $743,026, while total operating expenses reached $1,271,896, resulting in a loss from operations of $528,870. However, other income and expenses, including interest income and miscellaneous income, totaled $485,342, partially offsetting the operating loss. The net result was a net loss of $43,528 for the year.

Prospective franchisees should carefully review these financial statements to understand the financial health and performance trends of All Team. While the 2023 figures show a net income, the 2024 figures reveal a net loss. Understanding the reasons behind this change, such as increased operating expenses or decreased revenues, is crucial for making an informed investment decision. It's also important to compare these figures with industry benchmarks and to conduct thorough due diligence to assess the potential risks and rewards of 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.