What were the total operating expenses for Bananas Smoothies Frozen Yogurt in 2024?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
s) Due to affiliates Total current liabilities | $ | 9,399 191,491 9,993 45,584 256,467 | $ 11,405 171,722 13,583 10,443 207,153 | | Long-term liabilities: Deferred revenue, net of current (opened stores) Total liabilities | | 13,823 270,290 | 23,816 230,969 | | Commitments and contingencies (Notes 1, 5 and 7) | | | | | Members' equity | | 116,716 | 353,015 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | $ | 387,006 | $ 583,984 |
(A Limited Liability Company) STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 29, 2024, DECEMBER 31, 2023, AND DECEMBER 25, 2022
| 2024 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Revenues: | ||||||
| Royalties | $ | 589,898 | $ | 643,409 | $ | 677,140 |
| Advertising fund revenues | 49,793 | 60,608 | 71,085 | |||
| Franchise fees and transfer fees | 13,583 | _ | 13,584 | _ | 15,527 | |
| Total revenues | 653,274 | _ | 717,601 | _ | 763,752 | |
| Operating expenses: | ||||||
| Administration and management fe |
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Bananas Smoothies Frozen Yogurt had total operating expenses of $405,059 in 2024. The FDD provides a breakdown of these expenses, which include administration and management fees ($163,327), professional and consulting fees ($100,057), rent ($85,044), advertising fund expenses ($51,351), and other operating expenses ($5,280).
For a prospective franchisee, understanding these operating expenses is crucial for assessing the financial viability of a Bananas Smoothies Frozen Yogurt franchise. These figures represent the franchisor's expenses, not those of an individual franchise location. However, reviewing the franchisor's expenses can provide insight into where the franchise system's money is being spent.
It's important to note that 'Bad debt expense' is listed in the table but has no listed value for 2024. This could mean that there was no bad debt expense for that year, or it could indicate that this expense was included in 'Other operating expenses'. A potential franchisee should clarify this with the franchisor to gain a clearer understanding of all expense categories. The document also shows operating expenses for 2023 and 2022, allowing for a comparison of trends over time.