What amount did Coffee News record for other professional services in 2024?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
9. Capital Stock
Coffee News USA has authorized 3,000 shares and 2,000 issued no par shares.
10. Related Party Transactions
The Company provides corporate vehicles to shareholders. Operating personnel are salaried employees. In addition, Coffee News USA purchased printing services from Coffee News Printing, a business with one owner in common.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
Based on the 2025 Coffee News Franchise Disclosure Document, there is no mention of a specific amount recorded for "other professional services" in 2024. The provided excerpts from the FDD focus on various financial aspects of Coffee News USA, Inc., including printing services, borrowing and leasing arrangements, retirement plans, risk and uncertainties, and accounting policies. While these sections detail specific expenses like printing services totaling $7,545 in 2024, $7,257 in 2023 and $8,380 in 2022, and equipment lease expenses of $1,614 in 2024, $1,749 in 2023 and $1,880 in 2022, they do not break down expenses related to other professional services. The document also discusses Coffee News Online services and associated fees, but these are distinct from general professional services. Therefore, the FDD excerpts do not provide the specific figure requested for other professional services. A prospective franchisee should directly ask the franchisor for this information.