What were the total operating revenues for the All Team franchise 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 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.