What was the total expenses for Bevaris Alliance in 2022?
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 total expenses for the company in 2022 were $257,282. This figure is derived from the company's financial statements, which were audited by a certified public accountant. The financial statements include a balance sheet, statements of income (loss), changes in member's equity, and cash flows.
It's important to note that these expenses encompass various operational costs, including accounting, advertising and marketing, amortization, and other business-related expenditures. For instance, advertising costs for 2022 amounted to $3,212, while amortization expenses were $6,107. Management fees totaled $96,000, and outside services cost $109,190. These specific figures contribute to the overall total expenses for the year.
Prospective franchisees should carefully review these expenses to understand the financial health and operational costs of Bevaris Alliance. Analyzing the different categories of expenses can provide insights into where the company is investing its resources and how efficiently it is managing its operations. Understanding these financial details is crucial for making an informed decision about investing in a Bevaris Alliance franchise.