How much did Expense Reduction Analysts expense for consulting and management services from ASNS in 2023?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
any also owes MIC a total of $430,431 and $1,185,382 at both December 31, 2023 and 2022, respectively, for unpaid royalties and other advances. These amounts are included in Payable to Related Party within the long-term liabilities portion of the balance sheet.
MIC provides consulting and management services to the Company through a wholly owned subsidiary, Associates Support & Network Services Ltd. (ASNS), a UK registered associate company. During 2023 and 2022, the Company expensed a total of 264,558 and 277,5
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, the company expensed $264,558 for consulting and management services provided by Associates Support & Network Services Ltd. (ASNS) in 2023. ASNS is identified as a UK registered associate company and a wholly-owned subsidiary of MIC, which provides these services to Expense Reduction Analysts.
This related-party transaction indicates that Expense Reduction Analysts relies on its parent company's subsidiary for consulting and management support. For a prospective franchisee, this highlights the interconnectedness of Expense Reduction Analysts with its parent organization and affiliated entities. It also suggests that a portion of the franchisee's fees and royalties may indirectly support these related-party transactions.
Furthermore, as of December 31, 2023, Expense Reduction Analysts owed ASNS $264,660 for these services, which is classified as "Due to Related Parties" within the current liabilities portion of the balance sheet. This detail provides additional insight into the payment terms and financial obligations between Expense Reduction Analysts and its related entities. A potential franchisee should consider these related-party transactions and their potential impact on the financial stability and operational costs of Expense Reduction Analysts.