What was the total expenses 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 total expenses for the company in 2023 were $904,789. This figure is derived from a detailed breakdown of various expense categories, offering insight into where the company's money was allocated during that year.
The expenses included accounting fees of $19,737, advertising and marketing costs of $1,229, and amortization expenses of $14,656. Additionally, Bevaris Alliance incurred expenses such as $33,274 for bookkeeping, $2,280 for business licenses and permits, and $2,482 for computer and internet services. A significant portion, $486,000, was allocated to management fees, and $126,166 was spent on outside services.
Other notable expenses for Bevaris Alliance included $26,244 for legal fees, $13,280 for research and development, and $13,850 for telephone expenses. These figures provide a comprehensive overview of the financial obligations Bevaris Alliance faced in 2023, reflecting the costs associated with running the franchise system and supporting its franchisees.