What was the total amount of Software License Fees Buona paid in 2023?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
,199 | 211,917 | | Deferred Revenue, less Current Portion | | | | TOTAL LONG-TERM LIABILITIES | 236,199 | 211,917 | | TOTAL LIABILITIES | 343,347 | 381,469 | | MEMBERS' EQUITY (DEFICIT) | (237,221) | (122,239) | | Members' Equity (Deficit) | | | | TOTAL MEMBERS' EQUITY (DEFICIT) | (237,221) | (122,239) | | | | |
TOTAL LIABILITIES AND MEMBERS' EQUITY (DEFICIT) $ 106,126 $ 259,230
FOR THE FISCAL YEARS ENDED STATEMENTS OF OPERATIONS CHICAGO'S ORIGINAL ITALIAN BEEF FRANCHISING LLC DECEMBER 29, 2024 AND DECEMBER 31, 2023
| 2024 | 2023 | |
|---|---|---|
| REVENUE | ||
| License |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the company's Software License Fees totaled $32,461 in 2023. This figure reflects the expenses Buona incurred for software licenses during that year.
For a prospective franchisee, this indicates the level of investment Buona makes in software, which could be related to operational tools, customer management systems, or other technologies used within the franchise system. It's important to note that this is just one component of Buona's overall operating expenses, which totaled $134,616 in 2023.
Understanding these costs can help a potential franchisee assess the financial stability and resource allocation of Buona. While this number by itself doesn't reveal the specifics of the software or its benefits, it provides a concrete data point for evaluating the franchisor's financial management and technology investments.