What were the total expenses for Brightstar Care for the fiscal year ended December 31, 2023?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| Fiscal year ended | December 29, 2024 | December 31, 2023 |
|---|---|---|
| Expenses Payroll and related expenses Marketing Professional fees Travel and meals Depreciation and amortization expense Occupancy and office expense IT services Insurance expense Bad debt expense Broker fees Miscellaneous expenses | 19,888,821 11,068,942 2,876,622 856,891 2,846,570 779,543 2,335,296 377,222 810,260 3,425 427,180 | 19,106,713 10,787,667 3,389,967 1,541,227 1,992,427 752,152 1,618,895 350,269 344,476 80,980 596,575 |
| Total Expenses | 42,270,772 | 40,561,348 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the total expenses for the fiscal year ended December 31, 2023, were $40,561,348. These expenses include various costs associated with running the Brightstar Care franchise system.
Specifically, the expenses are broken down into several categories. Payroll and related expenses totaled $19,106,713, marketing expenses were $10,787,667, professional fees amounted to $3,389,967, and travel and meals cost $1,541,227. Additionally, depreciation and amortization expenses were $1,992,427, occupancy and office expenses were $752,152, IT services cost $1,618,895, insurance expenses were $350,269, bad debt expenses were $344,476, broker fees were $80,980, and miscellaneous expenses totaled $596,575.
For a prospective Brightstar Care franchisee, understanding these expenses is crucial for financial planning. It provides insight into where the franchisor allocates its resources and what costs a franchisee might expect to see reflected in their own operations, albeit on a smaller scale. Reviewing these figures in the context of Brightstar Care's revenue can help potential franchisees assess the overall financial health and efficiency of the franchise system.