What were the total expenses for Ella Cafe in July 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 July 2024 were $5,025.00. This figure is derived from a detailed profit and loss statement included in the FDD. The expenses include $25.00 in bank charges and fees, as well as $5,000.00 in uncategorized expenses.
It's important to note that the financial statement is unaudited, meaning it has not been independently verified by a certified public accountant. Prospective franchisees should be aware of this limitation and consider it when evaluating the financial performance of Ella Cafe. The FDD explicitly advises that no independent CPA has audited these figures or expressed an opinion on their content or form.
Understanding the nature of these expenses is crucial for potential franchisees. The 'uncategorized expense' of $5,000.00 is a significant amount and warrants further investigation. A prospective franchisee should ask Ella Cafe for a detailed breakdown of what this uncategorized expense covers to gain a clearer picture of the cafe's operational costs. This due diligence will help in making an informed decision about investing in an Ella Cafe franchise.