What was the total amount of franchise fees Face Foundrie collected in 2024?

According to Face Foundrie's 2025 Franchise Disclosure Document, the company collected $533,096 in franchise fees during the year 2024. This figure is part of the operating revenues reported in the financial statements. Franchise fees represent the initial payments made by franchisees to Face Foundrie for the right to operate a location under the Face Foundrie system. These fees are distinct from other revenue streams such as royalty fees, advertising fees, and technology fees.

For a prospective franchisee, understanding the franchise fee is crucial as it represents a significant initial investment. The franchise fee contributes to Face Foundrie's overall operating revenues, which totaled $3,100,529 in 2024. These revenues cover the company's operating expenses, including advertising, salaries, and administrative costs. The financial health of Face Foundrie, as reflected in these statements, can provide insights into the stability and potential support a franchisee might expect.

It's important to note that Face Foundrie's revenue recognition policy allocates the initial franchise fee to pre-opening services. This means the revenue is recognized when Face Foundrie fulfills its obligations by providing these pre-opening services, generally when the franchisee begins operations. This accounting practice can affect how franchise fees are reported in the financial statements and should be considered when evaluating the company's financial performance.