What were the total operating revenues for All Team in 2023?
All_Team Franchise · 2025 FDDAnswer 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.