What were the salaries and overhead expenses for Coffee News in 2023?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
as no operating leases with initial terms greater than 12 months. The Company leases certain equipment on a month-to-month basis. Equipment lease expense totaled $1,614 in 2024, $1,749 in 2023 and $1,880 in 2022.
4. Retirement Plan
Coffee News USA, Inc. maintains SEP-IRA retirement accounts for employees. Contributions are discretionary and totaled approximately $0 for 2024, 2023 and 2022. The Company elected not to make SEP IRA contributions in 2024, 2023 and 2022.
5. Risk and Uncertainties
The Company sells franchises for the publication of the Coffee News publication worldwide. Future revenue growth will result from maintaining and expanding franchise sales and will be determined by the success of the franchise development staff and continued positive economic conditions worldwide.
Notes to Financial Statements
December 31, 2024, 2023 and 2022
5. Risk and Uncertainties
Coffee News USA maintains substantially all its operating cash balances in two financial institutions that, at times, may exceed federally insured limits. It has not experienced any losses in such accounts. Management believes it is not exposed to any significant risk with respect to these accounts. Accounts are insured by the Federal Deposit Insurance Corporation up to $250,000.
6. Repurchased Licenses
| Don Knight | 9204 E 241st Street Peculiar, MO 816-535-7990 | 5 |
|---|---|---|
| NEW HAMPSHIRE - 4 | ||
| Roy C. Fairbanks Jr. |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, several expenses are detailed for the year 2023. Coffee News USA, Inc. maintains SEP-IRA retirement accounts for employees, but the company elected not to make SEP IRA contributions in 2023.
Regarding overhead, the company's advertising costs totaled $29,523 in 2023. Additionally, Coffee News USA purchased printing services from Coffee News Printing, a business with one owner in common, for a total of $7,257 in 2023. The company also had equipment lease expenses totaling $1,749 in 2023.
Prospective franchisees should note that these figures represent expenses at the corporate level and may not directly reflect the operating costs of an individual franchise. Understanding these corporate expenses can still provide valuable context for the overall financial health and operational practices of Coffee News.