What were the total operating expenses for Antioch Pizza Shop in 2022?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
| | 100,022 | | Total liabilities and stockholders' equity | $ | 293,279 | $ | 92,658 | $ | 126,781 |
STATEMENTS OF OPERATIONS
For the years ended December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Operating revenue | |||||
| Royalties | $ | 277,985 | $ 172,030 | $ | 204,692 |
| Marketing fees | 59,932 | 42,232 | 55,007 | ||
| Initial franchise fees | 35,000 | 25,000 | - | ||
| Other operational revenue | 130,561 | 140,639 | 131,227 | ||
| Total operating revenue | 503,478 | 379,901 | 390,926 | ||
| Operating expenses | |||||
| Advertising and promotion | 131,424 | 161,305 | 102,384 | ||
| General and administrative | 129,986 |
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, the total operating expenses for the company in 2022 were $131,403. This figure encompasses various costs associated with running the Antioch Pizza Shop business, including advertising and promotion expenses, general and administrative costs. In 2022, advertising and promotion expenses totaled $102,384 and general and administrative expenses amounted to $29,019. There were no professional fees listed for 2022.
Understanding the breakdown of these operating expenses is crucial for potential franchisees. It provides insight into where Antioch Pizza Shop allocates its resources and what areas might require careful financial planning. For instance, the level of advertising expenditure can indicate the brand's commitment to marketing support, while general and administrative costs reflect the overhead required to manage the franchise system.
It's important to note that these figures represent the operating expenses for the franchisor, Wix Franchise, Inc., and not necessarily the expenses a franchisee would incur operating their own Antioch Pizza Shop location. A prospective franchisee should carefully review the financial performance representations (if any) in Item 19 of the FDD and conduct their own due diligence to estimate their potential operating expenses. They should also speak with existing franchisees to gather real-world insights into the costs associated with running an Antioch Pizza Shop franchise.
Furthermore, the FDD includes financial statements audited by an independent auditor, which adds a layer of credibility to the reported figures. These statements include balance sheets, statements of operations, changes in stockholders' equity, and cash flows, offering a comprehensive view of Antioch Pizza Shop's financial health. Reviewing these statements in their entirety can provide a more complete understanding of the franchise's financial performance.