What were the total operating expenses for Deck Medic in 2022?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
| Beginning balance | $ | 18,000 | $ | 20,250 | |
|---|---|---|---|---|---|
| Additional deferred revenue | 4 | ||||
| Revenue recognized – additional deferred revenue | (2,250) | (2,250) | |||
| Deferred revenue | 15,750 | 18,000 | |||
| Less: current maturities | (2,250) | (2,250) | |||
| Deferred revenue, net of current maturities |
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, advertising expenses for the year ending December 31, 2022, were $69,863. This figure represents the costs Deck Medic incurred for advertising during that year.
However, the FDD excerpt only provides details on advertising expenses. It does not specify the total operating expenses for Deck Medic in 2022. Operating expenses typically include a range of costs beyond advertising, such as salaries, rent, utilities, and other administrative costs required to run the business.
A prospective franchisee should inquire with Deck Medic about a complete breakdown of their operating expenses for 2022 to gain a better understanding of the company's financial performance and cost structure. Understanding the full scope of operating expenses is crucial for assessing the financial viability of a Deck Medic franchise.