factual

What were the total operating revenues for the All Team franchise 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 the year 2023 were $1,030,542. These revenues are comprised of 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 components of the franchisor's revenue is crucial. The royalty and license fees directly reflect the payments made by franchisees for the right to operate under the All Team brand and utilize its systems. The funding and processing fees likely relate to services provided by the franchisor in assisting franchisees with financial aspects or administrative tasks.

It's important to note that while All Team generated over a million dollars in operating revenues, their operating expenses for 2023 were $1,388,453, resulting in a loss from operations of $357,911. However, other income sources, such as interest income, employee retention credits, and miscellaneous income, contributed $559,855, leading to a net income of $201,944. This indicates that the company's profitability relies significantly on income streams beyond standard franchise operations. A potential franchisee should investigate these additional income streams to assess their stability and potential impact on the franchisor's financial health.

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.