What were the 'Franchise-related costs' for Floors To Go in 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
is required to file income tax returns, for all open tax years in these jurisdictions, to identify potential uncertain tax positions. As of December 31, 2024, there are no uncertain income tax positions taken or expected t
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, franchise-related costs include the costs of advertising and product promotion. These costs are expensed as they are incurred and recognized on the statements of income.
In 2023, Floors To Go's franchise-related costs totaled $259,435. This figure represents the brand's investment in advertising and promotion during that year, which is a component of the overall financial performance of the franchise system.
Prospective franchisees should consider this figure in the context of Floors To Go's overall financial statements to understand how advertising and promotional expenses contribute to the company's revenue and profitability. It's also important to compare these costs with those of other franchise systems to assess whether Floors To Go's spending is competitive within the industry.