What were the general and administrative expenses for Buildingstars in 2022?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
86,511 | | Retained earnings | 2,302,263 | 2,930,029 | 2,016,751 | | | 3,689,274 | 4,317,040 | 3,403,762 | | | $ 14,462,992 | $ 13,329,754 | $ 10,891,934 | | | | | |
BUILDINGSTARS INTERNATIONAL, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||
| REVENUE | $ 83,617,433 | $ 76,205,348 | $ 70,164,196 | ||
| COST OF REVENUE | 60,705,321 | 55,325,794 | 50,810,089 | ||
| GROSS MARGIN | 22,912,112 | 20,879,554 | 19,354,107 | ||
| OPERATING EXPENSES | 13,674,903 | 12,509,619 | 11,453,047 | ||
| General and administrative expenses |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, the general and administrative expenses for the company in 2022 were $387,132. This figure is part of the consolidated statements of income, which also includes revenue, cost of revenue, gross margin, operating expenses, depreciation and amortization, and net income. These expenses are a component of the overall operating expenses for Buildingstars.
General and administrative expenses typically include costs associated with managing the business, such as salaries for administrative staff, office supplies, rent, utilities, and other overhead costs. For prospective franchisees, understanding these expenses can provide insight into the financial health and operational efficiency of Buildingstars. It's important to note that these are the expenses incurred by the franchisor, not the franchisees.
Reviewing these figures over the three years presented (2022-2024) can reveal trends in how Buildingstars manages its operational costs. For instance, an increase in general and administrative expenses could indicate expansion or increased investment in support services, while a decrease might suggest cost-cutting measures or improved efficiency. Franchisees should consider these trends in the context of overall revenue and profitability to assess the financial stability of the franchise system.
It is also important to note that the provided financial data is consolidated, meaning it includes the financial results of Buildingstars International, Inc. and its subsidiaries. This broader view provides a comprehensive picture of the financial performance of the entire organization, which can be useful for potential franchisees evaluating the overall health and stability of the Buildingstars franchise system.