What was the total revenue from franchise fees for Bevaris Alliance in 2023?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
erate the same type of business as the Company. Any transactions between the Company and the affiliate and other related parties are also summarized.
Bevaris Alliance, Inc. (BAI) is owned by the member of the Company. BAI paid, on behalf of the Company, legal and professional fees as well as other costs in connection with the establishment of the Company and the development of the franchise
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, franchise fees incurred by Bevaris Alliance, Inc. (BAI) and payable to the company during 2023 were $99,547. BAI is owned by the member of Bevaris Alliance and is also a franchisee of the company. This indicates that Bevaris Alliance generated $99,547 in revenue from franchise fees specifically from its related party franchisee, BAI, during the 2023 fiscal year.
It is important to note that this figure only reflects the franchise fees paid by BAI, a related party. The document states that during 2023, no franchise agreements were executed. This suggests that the $99,547 represents fees from existing franchise agreements rather than new sales.
Prospective franchisees should inquire about the total franchise fee revenue generated from all franchisees, not just related parties, to gain a comprehensive understanding of Bevaris Alliance's revenue streams. Understanding the breakdown of revenue sources can help potential franchisees assess the financial health and stability of the franchise system.