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What was the travel expense for Big Apple Bagels in 2022?

Big_Apple_Bagels Franchise · 2025 FDD

Answer from 2025 FDD Document

2024 2023 2022
Revenues
Royalty fees from franchised stores $ 1,994,814 $ 1,944,894 $ 1,838,276
Franchise fees and other 160,133 98,773 97,626
Marketing fund revenue 1,176,663 1,243,890 1,081,320
Total Revenues 3,331,610 3,287,557 3,017,222
Operating Costs and Expenses
License fee 603,385 572,227 540,564
Payroll and related expenses 601,402 536,846 471,779
Professional service fees 70,367 60,934 59,380
Advertising and promotion expense 1,903 12,186 14,801
Franchise-related expenses 10,893 4,515 17,771
Travel 16,514 23,331 16,332
Bad debt expense (recoveries) 22,355 18,081 (3,005)
Depreciation and amortization - - 749
Occupancy 67,589 68,263 65,548
Insurance expense 25,320 27,649 30,789
Employee benefit expense 87,604 72,539 76,249
Loss on sales-type lease termination 11,659 - -
Other 34,253 36,628 47,099
Marketing fund expense 1,176,663 1,243,890 1,081,320
Total Operating Costs and Expenses 2,729,907 2,677,089 2,419,376
Income from Operations 601,703 610,468 597,846
Interest Income 2,074 456 412
Income before Income Taxes 603,777 610,924 598,258
Provision/(Benefit) for Income Taxes
Current 165,857 158,549 92,341
Deferred 4,150 19,448 75,966
Total Tax Provision 170,007 177,997 168,307
Net Income 433,770 432,927 429,951
Retained Earnings, Beginning of Year 8,859,801 8,426,874 7,996,923
Retained Earnings, End of Year (Exhibit A) $ 9,293,571 $ 8,859,801 $ 8,426,874

Source: Item 23 — RECEIPTS (FDD pages 87–319)

What This Means (2025 FDD)

According to Big Apple Bagels' 2025 Franchise Disclosure Document, the company's travel expenses in 2022 were $16,332.

This figure represents the costs incurred by Big Apple Bagels for travel-related activities during that fiscal year. These expenses can include transportation, accommodation, meals, and other incidental costs associated with business travel. Such travel may be undertaken by employees, executives, or representatives of Big Apple Bagels for various purposes, such as visiting franchise locations, attending industry events, conducting training sessions, or performing other business-related activities.

Prospective franchisees should consider this figure in the context of the overall financial performance of Big Apple Bagels. Travel expenses are a normal part of operating a franchise system, but it's important to understand how these costs are managed and whether they contribute to the growth and support of the franchise network. A significant increase in travel expenses could indicate increased support for franchisees, but it could also signal inefficiencies or other issues within the organization. Therefore, it is essential to evaluate this expense in relation to other operating costs and revenue streams to gain a comprehensive understanding of the company's financial health.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.
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