What were the dues and subscriptions expenses for Craters & Freighters in the year ended December 31?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Years Ended December 31, | Amount | % | Amount | % | ||
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Franchise Revenues | $ | 1,791,736 | 30.1 % $ | 2,101,299 | 32.2 9 | |
| Royalty Revenues, net of Royalty Rebates | Ţ | 4,048,135 | 68.2 | 4,232,547 | 66.4 | |
| Initial Franchise Fee and Transfer Fee Revenue | 98,255 | 1.7 | 39,000 | 1.4 | ||
| Total Revenues | 5,938,126 | 100.0 | 6,372,846 | 100.0 | ||
| Costs of Revenues | ||||||
| Franchise Support | 2,036,715 | 1,519,545 | ||||
| Advertising | 957,288 | 951,719 | ||||
| Insurance Program | 733,842 | 737,736 | ||||
| Technology Support | 95,025 | 59,866 | ||||
| Total Costs of Revenues | 3,822,870 | 64.4 % | 3,268,866 | 51.2 % | ||
| Gross Profit | 2,115,256 | 35.6 % | 3,103,980 | 48.8 % | ||
| General and Administrative Expenses | ||||||
| Depreciation and Amortization | 158,990 | 128,123 | ||||
| Credit Losses (Recovery) | (30,000) | 10,000 | ||||
| Bank Charges | 11,002 | 5,271 | ||||
| Donations | 57,300 | 57,863 | ||||
| Dues and Subscriptions | 5,273 | 1,553 | ||||
| Employee Benefits | 12,158 | 12,081 | ||||
| Equipment | 31,246 | 42,542 | ||||
| Insurance | 75,629 | 75,156 | ||||
| Legal and Professional Fees | 328,824 | 216,207 | ||||
| Office Supplies | 30,584 | 104,945 | ||||
| Rent | 81,856 | 94,143 | ||||
| Repairs and Maintenance | 164,272 | 11,668 | ||||
| IT and Software | 121,168 | 52,324 | ||||
| Taxes and Licenses | 1,978 | 1,978 | ||||
| Telephone and Utilities | 45,458 | 63,012 | ||||
| Travel and Entertainment | 67,796 | 25,568 | ||||
| Total General and | 07,730 | 23,300 | ||||
| Administrative Expenses | 1,163,534 | 19.6 % | 902,434 | 14.1 % | ||
| ncome from Operations | 951,722 | 16.0 % | 2,201,546 | 34.5 % | ||
| Other Income (Expense) | ||||||
| Shared Services Revenue | 133,347 | 290,000 | ||||
| Interest Income | 110,402 | 19,711 | ||||
| Interest Expense | (628) | - | ||||
| Investment Income | 26,159 | 13,827 | ||||
| Investment Expenses | (1,203) | (5,598) | ||||
| Gain on Sale of Marketable Securities | 26 | 841 | ||||
| Unrealized Holding Gain (Loss) on | ||||||
| Marketable Securities | 135,511 | 97,174 | ||||
| Gain on Disposal of Property and E |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the company's dues and subscriptions expenses for the year ending December 31, 2023, amounted to $1,553. For the year ending December 31, 2024, these expenses were $5,273.
These figures represent the costs Craters & Freighters incurred for memberships and subscriptions necessary for their business operations. These could include professional organization dues, subscriptions to industry-related publications, or software subscriptions.
As a prospective franchisee, it's important to understand how these expenses relate to the services and support Craters & Freighters provides to its franchisees. While these costs are borne by the franchisor, they can be indicative of the resources Craters & Freighters invests in staying current with industry trends and best practices, which can indirectly benefit franchisees. Franchisees may want to inquire about the specific subscriptions and memberships included in this line item to assess their value.