What was the cash paid to employees by Corner Bakery Cafe in 2024?
Corner_Bakery_Cafe Franchise · 2025 FDDAnswer from 2025 FDD Document
, December 31, 2024 | $ | 177,210 | $ | 6,144,428 | $ | 6,321,638 | |
Statement of Cash Flows For the Reporting Periods ended December 31, 2024 and 2023
| 2024 | 2023 | ||
|---|---|---|---|
| Cash flows from operating activities: | |||
| Cash provided by operating activities: | |||
| Cash received from franchise royalty fees | $ | 2,861,906 | 1,604,088 |
| Cash received from advertising fund fees | 1,323,241 | 678,324 | |
| Cash received from other franchise fees | 146,790 | 28,056 | |
| Cash received fromacquired accounts receivable | 796,353 | ||
| Cash used by operating activities: | |||
| Cash paid to employees | (1,184,888) | (675, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
According to Corner Bakery Cafe's 2025 Franchise Disclosure Document, the cash paid to employees in 2024 was $1,184,888. This figure represents the total amount of cash disbursed by the company to its employees during the specified year. In comparison, the cash paid to employees in 2023 was $675,282.
For a prospective franchisee, understanding these figures is crucial for financial planning. Employee costs are a significant operating expense, and knowing the historical cash outflow for wages helps in projecting future expenses. This information, combined with the number of employees and their respective roles, can provide insights into labor costs and efficiency.
It's important to note that these figures reflect cash payments only and may not include other employee-related expenses such as benefits, payroll taxes, or non-cash compensation. A potential franchisee should consider these additional costs when estimating total labor expenses for their Corner Bakery Cafe location.