What was the total franchised restaurants and other expense for Carls in fiscal year 2023?
Carls Franchise · 2024 FDDAnswer from 2024 FDD Document
s claimed in litigation against us may be unsupported, exaggerated or unrelated to possible outcomes, and as such may not be meaningful indicators of our potential liability or financial exposure. We regularly review contingencies to determine the adequacy of our accruals and related disclosures. The ultimate amount of loss may diff
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 79–80)
What This Means (2024 FDD)
According to Carls's 2024 Franchise Disclosure Document, the total expenses for franchised restaurants and other operations in fiscal year 2023 amounted to $94,432. This figure encompasses various costs associated with supporting franchised locations, including rent and occupancy expenses, amortization of franchise agreements, and other related costs.
Specifically, these expenses include $77,492 for rent and other occupancy costs, $16,857 for the amortization of franchise agreements, and $83 for other expenses. These costs are directly related to Carls's franchise operations and are expensed as they are incurred.
Understanding these expenses is crucial for prospective franchisees as it provides insight into the financial support and resources Carls allocates to its franchise network. It's important to note that these figures reflect Carls's overall investment in its franchise system and do not represent the individual operating expenses of a franchisee's restaurant.