What was the total amount spent on legal fees for a Cinnaholic franchise in March 2025?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
eholder Investment - Lullwater Partners | 181,500.00 | | Total Shareholder Equity - Lullwater Partners | 181,500.00 | | Net Income | -15,660.14 | | Total Equity | $ -1,816,594.27 | | TOTAL LIABILITIES AND EQUITY | $2,662,016.16 |
Full Franchise Profit and Loss by Month
January - April, 2025
| JAN 2025 | FEB 2025 | MAR 2025 | APR 2025 | TOTAL | |
|---|---|---|---|---|---|
| Income | |||||
| Franchise fees | 40,000.00 | $40,000.00 | |||
| Franchise Royalties | 91,794.23 | 83,412.94 | 128,990.86 | 158,577.03 | $462,775.06 |
| Franchise Transfer | 20,000.00 | 20,000.00 | $40,000.00 | ||
| Marketing Fund Income | 38,894.11 | 35,457.34 | 39,565.34 | $113,916.79 | |
| Total Income | $170,688.34 | $138,870.28 | $148,990.86 | $198,142.37 | $656,691.85 |
| GROSS PROFIT | $170,688.34 | $138,870.28 | $148,990.86 | $198,142.37 | $656,691.85 |
| Expenses | |||||
| 0 - Ask My Accountant | 1,191.75 | $1,191.75 | |||
| Advertising | 82.15 | 500.00 | $582.15 | ||
| .Corporate Funded Advertising Expenses | 17,711.00 | 6,140.00 | 26,737.62 | 29,622.00 | $80,210.62 |
| Creative Elements | 1,500.00 | $1,500.00 | |||
| Publication Ads | 390.95 | 390.95 | 1,890.95 | 390.95 | $3,063.80 |
| Social Media | $0.00 | ||||
| 5,220.47 | 13,072.43 | 6,660.10 | 11,213.65 | $36,166.65 | |
| Google Advertising | 5,124.93 | 2,709.71 | 3,232.04 | 3,730.61 | $14,797.29 |
| Total Social Media | 10,345.40 | 15,782.14 | 9,892.14 | 14, 44.26 | $50,963.94 |
| Website | 3.00 | 26.74 | 3.00 | 3.00 | $35.74 |
| Total Advertising | 28,532.50 | 24,339.83 | 38,523.71 | ,960.21 | $136,356.25 |
| Annual Audit | 4,632.00 | 4,500.00 | $9,132.00 | ||
| Benefits | $0.00 | ||||
| Health Insurance | 8,588.02 | 8,586.23 | 8,586.23 | 8,586.23 | $34,346.71 |
| Life/Dental/Vision Insurance | 611.90 | 642.28 | 627.09 | 627.09 | $2,508.36 |
| Total Benefits | 9,199.92 | 9,228.51 | 9,213.32 | 9,213.32 | $36,855.07 |
| Building Expenses | $0.00 | ||||
| Internet & Phones | 449.78 | 476.91 | 476.91 | 476.91 | $1,880.51 |
| Pest Control | 40.00 | 40.00 | 40.00 | 40.00 | $160.00 |
| Rent | 2,839.44 | 2,839.44 | 2,839.44 | 3,010.00 | $11,528.32 |
| Total Building Expenses | 3,329.22 | 3,356.35 | 3,356.35 | 3,526.91 | $13,568.83 |
| Commissions & fees | 8,000.00 | 2,000.00 | $10,000.00 | ||
| Income Taxes | 2,814.94 | $2,814.94 | |||
| Office Expenses | $0.00 | ||||
| Dues & Subscriptions | 60.00 | $60.00 | |||
| Fees & Interest | $0.00 | ||||
| Bank Charges | 333.50 | 319.75 | 338.34 | 343.50 | $1,335.09 |
| Total Fees & Interest | 333.50 | 319.75 | 338.34 | 343.50 | $1,335.09 |
| Insurance | $0. |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
Based on the 2025 Cinnaholic Franchise Disclosure Document, there is no specific listing for legal fees within the provided financial data for March 2025. The document details various income and expense categories, such as franchise fees, royalties, advertising costs, and operational expenses, but it does not break out legal fees as a separate line item.
While the provided financial statements offer a detailed overview of Cinnaholic's income and expenses, the absence of a specific legal fees category means that prospective franchisees cannot directly assess these costs from this document. This makes it difficult to benchmark against industry standards or to understand the potential legal expenses a franchisee might incur.
Therefore, a potential Cinnaholic franchisee should inquire directly with the franchisor about typical legal expenses incurred by franchisees. Specifically, they should ask about expenses related to contract reviews, lease negotiations, and any potential litigation or compliance matters. Understanding these costs is crucial for accurate financial planning and risk assessment.