What was the accounting expense for Burros Fries for the 10 months ended October 31, 2024?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
1,681.86 |
Burros & Fries Franchise Inc Income Statement
| 1 Month Ended October 31, 2024 | 10 Months Ended October 31, 2024 | ||||
|---|---|---|---|---|---|
| Sales | |||||
| Franchise Fees | $ | 25,640.58 | $ | 77,716.98 | |
| Sales | 0.00 | 186,572.01 | |||
| Sales Returns and Allowances | 0.00 | (30,000.00) | |||
| Total Sales | 25,640.58 | 234,288.99 | |||
| Gross Profit | 25,640.58 | 234,288.99 | |||
| Operating Expenses | |||||
| Advertising Expense | 2,040.57 | 4,121.71 | |||
| Accounting Expense | 391.50 | 6,327.55 | |||
| Office Expense | 0.00 | 8,540.14 | |||
| Other Taxes | 12,715.00 | 12,715.00 | |||
| Rent or Lease Expense | 0.00 | 2,000.00 | |||
| Utilities Expense | 680.51 | 4,000.27 | |||
| Total Operating Expenses | 15,827.58 | 37,704.67 | |||
| Operating Income (Loss) | 9,813.00 | 196,584.32 | |||
| Other Income (Expenses) | |||||
| Interest Expense | 0.00 | (168.47) | |||
| Total Other Income (Expenses) | 0.00 | (168.47) | |||
| Net Income (Loss) Before T |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries' 2024 Franchise Disclosure Document, the accounting expense for the period of 10 months ended October 31, 2024, was $6,327.55. This figure represents the total expenses Burros Fries incurred for accounting services during this period.
For a prospective franchisee, understanding the franchisor's accounting expenses can provide insight into the financial management and overhead costs of the franchise system. It's important to note that this figure reflects Burros Fries' expenses as the franchisor, and may not directly translate to the accounting expenses a franchisee will incur operating their own unit.
However, this information can be useful for benchmarking and understanding the types of accounting services a franchisee might need, such as bookkeeping, tax preparation, and auditing. A potential franchisee should inquire about what accounting support and resources Burros Fries provides to its franchisees and what additional accounting expenses they should anticipate.