What was the total amount of technology fees Face Foundrie collected in 2023?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Operating revenues | |||||
| Royalty fees | $ | 1,736,820 | $ | 1,067,442 | $ |
| Franchise fees | 533,096 | 651,100 | |||
| Advertising fees | 523,187 | 158,797 | |||
| Technology fees | 77,825 | 36,260 | |||
| Training & support fees | 4,000 | 15,441 | |||
| Other operating revenue | 225,601 | 58,971 | |||
| Total operating revenues | 3,100,529 | 1,988,011 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the total technology fees collected in 2023 amounted to $36,260. This figure reflects the aggregate of technology fees paid by franchisees to Face Foundrie during that year.
Technology fees are typically used by franchisors to cover costs associated with providing and maintaining technology infrastructure and support for the franchise system. This can include software, hardware, online platforms, and technical assistance. For a prospective Face Foundrie franchisee, understanding the amount of technology fees collected by the franchisor can provide insight into the financial scale of the technology-related services and support provided.
It's important to note that technology fees are just one component of the overall revenue streams for Face Foundrie, which also include royalty fees, franchise fees, and advertising fees. Reviewing these different revenue streams can provide a more comprehensive understanding of the franchisor's financial performance and the various fees that franchisees contribute to the system. Prospective franchisees should also inquire about how these technology fees are utilized and what specific technology-related services and support they can expect to receive in return.