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What was the total amount All Team spent on operating expenses in 2022?

All_Team Franchise · 2025 FDD

Answer from 2025 FDD Document

832,933 647,362
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY $ 3,492,701 $ 4,141,911

ALL TEAM FRANCHISE CORPORATION STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022

2023 2022
OPERATING REVENUES
Royalty and license fees - franchise $ 423,870 $ 661,052
Funding and processing fees - franchise 606,672 802,969
Total Operating Revenues 1,030,542 1,464,021
OPERATING EXPENSES
Advertising - franchise 446 1,186
Accounting services 20,281 18,370
Auto expense 30,168 29,327
Bank and credit card fees 668 654
Charitable contributions 1,122 100
Computer/ IT 63,258 55,597
Dues and subscriptions 7,317 5,182
Professional services 189,877 53,040
Insurance 28,025 38,303
Funding fees 98,019 258,432
Wages, salaries and payroll benefits 813,640 976,331
Rent 66,751 63,738
Office supplies and expense 15,351 11,220
Postage and delivery 713 2,527
Equipment lease 15,708 16,250
Telephone and utilities 12,609 17,975
Licenses, permits and taxes 242 1,717
Miscellaneous 1,850 233
Travel and entertainment 22,408 3,333
Total Operating Expenses 1,388,453 1,553,515
LOSS FROM OPERATIONS (357,911) (89,494)
OTHER INCOME (EXPENSES)
Provision for credit losses (6,000) (6,000)
Interest inco

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)

What This Means (2025 FDD)

According to All Team's 2025 Franchise Disclosure Document, the total operating expenses for the year 2022 were $1,553,515. These expenses encompass various aspects of running the franchise operations, including advertising, accounting services, auto expenses, bank and credit card fees, charitable contributions, computer/IT, dues and subscriptions, professional services, insurance, funding fees, wages, salaries and payroll benefits, rent, office supplies and expense, postage and delivery, equipment lease, telephone and utilities, licenses, permits and taxes, miscellaneous, and travel and entertainment.

Understanding the breakdown of these operating expenses is crucial for potential franchisees. For instance, wages, salaries, and payroll benefits constituted a significant portion of the operating expenses in 2022, amounting to $976,331. Funding fees were also a notable expense at $258,432. Other substantial expenses included rent at $63,738, and computer/IT expenses at $55,597. These figures provide insight into where All Team allocates its resources to maintain and grow its franchise system.

Prospective franchisees should carefully consider these expenses when evaluating the financial viability of an All Team franchise. While the FDD provides historical data, future expenses may vary based on factors such as location, economic conditions, and the franchisee's management capabilities. It is advisable to conduct thorough due diligence, including consulting with existing franchisees and financial advisors, to develop realistic financial projections and assess the potential profitability of 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.