What was the total amount All Team spent on computer/IT in 2023?
All_Team Franchise · 2025 FDDAnswer 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 A higher investment in IT could mean better systems and support, while a lower investment might indicate outdated technology or potential underinvestment in critical areas.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.