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What were the consulting costs for Beauty Bungalows in 2024?

Beauty_Bungalows Franchise · 2025 FDD

Answer from 2025 FDD Document

rida | 2 | 2 | 0 | | Totals | 7 | 13 | 1 |

Beauty Bungalows Franchising, LLC STATEMENTS OF OPERATIONS For the years ended December 31, 2024 and 2023

2024 2023
Operating revenues:
Revenue $ 46,800 $ -
Technology fee 200 -
Total operating revenues 47,000 -
Operating expenses:
Consulting costs 182,185 -
Advertising & marketing 21,514 10,613
Legal fees 18,433 47,102
Software 13,464 -
Referral fee 12,626 -
Professional fees 12,195 -
Travel 9,133 1,538
Insurance 7,722 -
Supplies 5,644 -
Rent 3,000 6,500
Meals & entertainment 2,128 _
Office supplies 1,362 19,274
Other expenses 895

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)

What This Means (2025 FDD)

According to Beauty Bungalows' 2025 Franchise Disclosure Document, the company incurred $182,185 in consulting costs during the year 2024. This figure is part of the operating expenses detailed in the financial statements. In contrast, Beauty Bungalows had no consulting costs in 2023.

For a prospective franchisee, this indicates that Beauty Bungalows significantly increased its reliance on external consultants in 2024 compared to the previous year. This could be due to various reasons, such as seeking expertise in specific areas of the business, preparing for expansion, or addressing operational challenges. Understanding the nature of these consulting services and their impact on the business is crucial for potential franchisees.

It's important for a potential Beauty Bungalows franchisee to investigate the reasons behind these consulting costs. They should inquire about the specific services provided, the consultants involved, and the expected return on investment from these expenditures. This information can help assess the financial stability and strategic direction of the Beauty Bungalows franchise system. Furthermore, understanding the franchisor's approach to managing expenses and investing in resources is essential for making an informed decision about joining the franchise.

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.