What was the technology fee revenue related to Beauty Bungalows franchises in 2024?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
actors.
2. Summary of significant accounting policies and nature of operations (continued)
Revenues by timing of recognition were as follows:
| 2024 | 2023 | |||
|---|---|---|---|---|
| Point in time: | ||||
| Franchise fees | $ | 46,800 | $ | - |
| Technology fee | 200 | |||
| Total |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows's 2025 Franchise Disclosure Document, the technology fee revenue for the year 2024 was $200. This figure represents the income Beauty Bungalows received specifically from technology fees charged to its franchisees during that year.
For a prospective franchisee, this indicates that technology fees are a component of the overall revenue stream for Beauty Bungalows. While the $200 figure is relatively small compared to the $46,800 in franchise fees, it demonstrates that Beauty Bungalows is generating income from technology-related services or tools provided to franchisees. This could include software, online platforms, or other technology solutions that franchisees are required to use.
It's important to note that this figure only reflects the technology fee revenue at a specific point in time. The FDD also mentions franchise fees at a point in time and total revenue. A prospective franchisee should investigate what the technology fees cover, how they are charged (e.g., one-time, recurring), and whether they are mandatory. Understanding the technology infrastructure and support provided by Beauty Bungalows, and the associated costs, is crucial for assessing the overall value and profitability of the franchise.