What were the total operating expenses for Antioch Pizza Shop in 2023?
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 2023 were $344,518. These expenses encompass various costs associated with running the Antioch Pizza Shop business.
The operating expenses are further broken down into specific categories. Advertising and promotion expenses totaled $161,305, reflecting the costs incurred to market and promote the Antioch Pizza Shop brand. General and administrative expenses amounted to $134,436, covering the costs of managing the business's day-to-day operations. Professional fees, which include expenses for services such as legal and accounting support, totaled $48,777.
Understanding these operating expenses is crucial for prospective franchisees. It provides insight into where the company is spending money to operate the franchise system. Reviewing these figures over the three years presented (2022-2024) can reveal trends and potential areas of cost management or increased investment. Franchisees can use this information to benchmark their own potential expenses and assess the financial health and operational efficiency of Antioch Pizza Shop.