factual

What was the total amount All Team spent on computer/IT 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 total expenditure on computer/IT in 2023 was $63,258. This figure is part of the operating expenses detailed in the financial statements. Reviewing these expenses can provide insight into where All Team allocates its resources.

For a prospective franchisee, understanding these costs is crucial. While franchisees do not directly pay these expenses, they reflect the franchisor's investment in technology and IT infrastructure, which can impact the services and support provided to franchisees. A higher investment in IT could mean better systems and support, while a lower investment might indicate outdated technology or potential underinvestment in critical areas.

It's also worth noting the trend in these expenses. In 2024, All Team spent $85,059 on Computer/IT, which is more than the $63,258 spent in 2023. This increase could signal a growing emphasis on technology within the All Team franchise system. Franchisees should inquire about the specific IT services and support they can expect, and how these investments benefit their operations.

Ultimately, while this figure doesn't directly impact a franchisee's day-to-day expenses, it offers valuable insight into All Team's operational priorities and the resources available to support its franchise network. Understanding these financial details can help potential franchisees make informed decisions about their investment.

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.