What was the total amount of 'Other Income (Expenses)' for All Team in 2023?

According to All Team's 2025 Franchise Disclosure Document, the total amount of 'Other Income (Expenses)' for the year 2023 was $559,855. This figure is derived from several components, including a provision for credit losses of ($6,000), interest income of $53,501, employee retention credits of $49,780, and miscellaneous income (expense) of $462,574.

For a prospective All Team franchisee, understanding the composition of 'Other Income (Expenses)' is crucial as it reflects the financial activities beyond the core operations of franchising. The presence of interest income suggests All Team may have investments or lending activities that generate revenue. Employee retention credits indicate All Team may have benefited from government programs designed to support employment. The 'Miscellaneous income (expense)' line item could encompass a variety of non-recurring or unusual items, which would require further investigation to fully understand.

It is important for potential franchisees to note that 'Other Income (Expenses)' can fluctuate significantly from year to year, depending on factors such as interest rates, government incentives, and one-time gains or losses. Therefore, relying solely on a single year's figures may not provide an accurate picture of All Team's long-term financial performance. A thorough review of All Team's financial statements, including historical trends and detailed explanations of each line item, is essential for making an informed investment decision.

Prospective franchisees should consider asking All Team for more detailed information about the nature of the 'Miscellaneous income (expense)' and the sustainability of items like employee retention credits. Understanding these components will provide a clearer view of All Team's overall financial health and stability.