What were the total professional fees for a Cinnaholic franchise in April 2025?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| JAN 2025 | FEB 2025 | MAR 2025 | APR 2025 | TOTAL | |
|---|---|---|---|---|---|
| Professional Fees | $0.00 | ||||
| Accounting | 100.00 | $100.00 | |||
| Bookkeeping | 200.00 | 200.00 | $400.00 | ||
| Consulting fee | 2,000.00 | 2,436.50 | 2,000.00 | 3,000.00 | $9,436.50 |
| Legal Fees | 330.00 | 6,279.50 | 678.00 | $7,287.50 | |
| Retirement Broker | 169.00 | 177.00 | 177.00 | 177.00 | $700.00 |
| Total Professional Fees | 2,169.00 | 3,143.50 | 8,756.50 | 3,855.00 | $17,924.00 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the total professional fees for April 2025 were $3,855.00. This figure is part of a larger table that breaks down various income and expense items for January, February, March, and April of 2025, providing a snapshot of the brand's financial performance during those months. The professional fees include costs associated with accounting, bookkeeping, consulting, legal services, and retirement broker fees.
Specifically, the table shows a consulting fee of $3,000.00, legal fees of $678.00, and retirement broker fees of $177.00 for April 2025. There are no listed expenses for accounting or bookkeeping for that month. These fees can fluctuate month to month, as seen by the varying amounts in the preceding months. For example, legal fees show a significant spike in March 2025 at $6,279.50, while consulting fees remain relatively stable.
For a prospective Cinnaholic franchisee, this information highlights the types and amounts of professional services they might expect to utilize. While these are the franchisor's expenses, franchisees often incur similar costs for their own operations, such as local legal compliance, bookkeeping, and potentially consulting services to improve their business. Understanding these costs can help a franchisee better prepare their financial projections and manage their operating budget. It's important to note that these figures represent only one snapshot in time and may not be representative of ongoing or future expenses.