What was the computer and internet expense for Bevaris Alliance in 2023?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
nce payable | 25,927 | 1,500 | | System marketing reserve fund (Note 7) | • | 70 220 | | Line of credit (Note 6) | · | 72,220 | | , | 1,000 | 0.000 | | Due to related party (Note 8) | 9,069 | 86,938 | | TOTAL LIABILITIES | 245,395 | 189,530 | | MEMBER'S EQUITY: | | | | Member's equity | 112,862 | 170,724 | | | | | | TOTAL MEMBER'S EQUITY | 112,862 | 170,724 | | TOTAL LIABILITIES AND MEMBER'S EQUITY | $ 358,257 | $ 360,254 |
| 2023 | 2022 | |
|---|---|---|
| REVENUE: | ||
| Franchise fees | $ 844,819 | $ 388,798 |
| Vending income | 1,205 | 839 |
| Other income | 1,900 | 310 |
| TOTAL REVENUE | 847,924 | 389,947 |
| EXPENSES: | ||
| Accounting | 19,737 | 19,415 |
| Advertising & marketing | 1,229 | 3,212 |
| Amortization expense | 14,656 | 6,107 |
| Auto expense | 541 | ===- |
| Bank service charges | 813 | 379 |
| Bookkeeping | 33,274 | - |
| Business licenses & permits | 2,280 | 177 |
| Computer & internet | 2,482 | 1,144 |
| Consulting | 153,520 | _ |
| Dues & subcriptions | . 373 | 1,041 |
| Vending food purchases | - | 827 |
| Management fees | 486,000 | 96,000 |
| Meals & entertainment | 595 | - |
| Insurance expense | 6,312 | _ |
| Interest | ||
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the computer and internet expenses for the company in 2023 were $2,482. This figure reflects the costs associated with maintaining computer systems and internet services necessary for the franchisor's operations.
For a prospective franchisee, understanding this expense is crucial as it provides insight into the franchisor's operational costs. While this specific expense is borne by the franchisor, it indirectly impacts franchisees. Efficient management and investment in technology by Bevaris Alliance can lead to better support, communication, and potentially more effective marketing and operational tools for franchisees.
It's also worth noting that this figure is specific to the franchisor's operations and does not represent the potential computer and internet expenses a franchisee might incur while running their own Bevaris Alliance franchise. Franchisees should budget separately for their own technology needs, which may include hardware, software, internet connectivity, and related support services.