What were the professional fees for Clean Your Dirty Face in 2022?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
06,990 | $ | 1,325,718 |
Statements of Income For the Years Ended December 31, 2024, 2023, and 2022
| 2024 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Revenue | |||||
| Franchise fees | $ 475,000 | $ | 500,000 | $ 387,002 | |
| Royalties | 419,495 | 274,895 | 184,362 | ||
| Support services | 800 | 700 | 4,000 | ||
| Total Revenue | 895,295 | 775,595 | 575,364 | ||
| Operating Expenses | |||||
| Payroll and related expenses | 276,676 | 228,156 | 252,041 | ||
| Marketing | 35,432 | 58,666 | 70,733 | ||
| Professional fees | 26,705 | 24,013 | 41,866 | ||
| Office | 3,708 | 20 | 3,362 | ||
| Travel | 2,798 | 390 | 838 | ||
| Licenses and renewals | 1,455 | 900 | 1,200 | ||
| Insurance | - | 3,250 | - | ||
| Total Operating Expenses | 346,774 | 315,395 | 370,040 | ||
| Other Income | |||||
| Interest | 342 | 5,808 | - | ||
| Dividends | 56,637 | 2,298 | - | ||
| Insurance reimbursement | 2,313 | - | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the professional fees for the company in 2022 were $41,866. This figure reflects the expenses Clean Your Dirty Face incurred for services such as accounting, legal, or consulting.
For a prospective franchisee, understanding the franchisor's professional fees can offer insights into the operational costs and overhead that Clean Your Dirty Face faces. While franchisees do not directly pay these fees, they are part of the overall financial picture of the company, which can influence the stability and strategic decisions of the franchisor.
It's important to note that these fees can fluctuate from year to year based on the specific needs and activities of Clean Your Dirty Face. Significant changes in professional fees could indicate shifts in the company's operations, such as increased legal activity, expanded auditing requirements, or greater reliance on external consultants. Therefore, a prospective franchisee should consider these figures as part of their due diligence, assessing the franchisor's financial management and potential future costs.