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What were the total operating revenues for All Team in 2023?

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 revenues for 2023 were $1,030,542. These revenues are broken down into two categories: royalty and license fees from franchises, which amounted to $423,870, and funding and processing fees from franchises, which totaled $606,672.

For a prospective All Team franchisee, understanding the sources of the franchisor's revenue is crucial. The fact that All Team generates revenue through both royalty/license fees and funding/processing fees suggests multiple potential revenue streams tied to franchisee operations. This could indicate the franchisor is actively involved in supporting franchisees beyond initial setup, potentially through ongoing services or financial assistance.

However, it's important to note that while All Team generated over $1 million in operating revenues in 2023, the company still experienced a loss from operations of ($357,911). This indicates that operating expenses exceeded revenues. While the company had a net income of $201,944 due to other income sources, a franchisee should investigate the reasons behind the operating loss and whether this is a consistent trend. Understanding the franchisor's financial health and the sustainability of their business model is a critical part of the due diligence process.

Prospective franchisees should also compare these figures with previous years to identify trends and assess the stability of All Team's revenue streams. Additionally, it would be prudent to inquire about the specific services or activities that generate funding and processing fees to fully understand their nature and potential impact on franchisees.

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.