What were the total expenses for Ella Cafe in January 2024?
Ella_Cafe Franchise · 2024 FDDAnswer from 2024 FDD Document
362.00 |
Franchise Account Profit and Loss
January 2024 - July 2024
| Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | |
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Services | 100,000.00 | ||||||
| Total Income | $ 0.00 | $100,000.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Cost of Goods Sold | |||||||
| Cost of goods sold | |||||||
| Subcontractor expenses | 10,000.00 | 70,000.00 | |||||
| Total Cost of goods sold | $ 0.00 | $ 10,000.00 | $ 0.00 | $ 0.00 | $ 70,000.00 | $ 0.00 | $ 0.00 |
| Total Cost of Goods Sold | $ 0.00 | $ 10,000.00 | $ 0.00 | $ 0.00 | $ 70,000.00 | $ 0.00 | $ 0.00 |
| Gross Profit | $ 0.00 | $ 90,000.00 | $ 0.00 | $ 0.00 | -$ 70,000.00 | $ 0.00 | $ 0.00 |
| Expenses | |||||||
| 70000 Other Admin Expenses | |||||||
| 70010 Bank Charges and Fees | 15.00 | 40.00 | 40.00 | 90.00 | 25.00 | ||
| Total 70000 Other Admin Expenses | $ 15.00 | $ 40.00 | $ 0.00 | $ 40.00 | $ 90.00 | $ 0.00 | $ 25.00 |
| General business expenses | |||||||
| Bank fees & service charges | 15.00 | ||||||
| Total General business expenses | $ 0.00 | $ 15.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Uncategorized Expense | 5,000.00 | ||||||
| Total Expenses | $ 15.00 | $ 55.00 | $ 0.00 | $ 40.00 | $ 90.00 | $ 0.00 | $ 5,025.00 |
| Net Operating Income | -$ 15.00 | $ 89,945.00 | $ 0.00 | -$ 40.00 | -$ 70,090.00 | $ 0.00 | -$ 5, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 49–50)
What This Means (2024 FDD)
According to Ella Cafe's 2024 Franchise Disclosure Document, the total expenses for January 2024 were $15.00. This amount is broken down into two categories: $15.00 for total 70000 Other Admin Expenses, which consists of $15.00 in bank charges and fees. There were no general business expenses during this period.
It is important to note that these figures are from the Franchise Account Profit and Loss statement covering January 2024 to July 2024. The financial statements included in the FDD have not been audited by an independent certified public accountant.
Prospective franchisees should carefully review these unaudited financial statements and consider consulting with a financial advisor to fully understand Ella Cafe's financial performance and potential profitability. Understanding the nature and magnitude of expenses is crucial for assessing the financial viability of an Ella Cafe franchise.