What was Gold Star's Telephone and Utilities expense in 2022 (Restated)?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | (Restated) | ||||
| Research and Development | $ 35,511 | $ | 37,484 | $ | 41,997 | |
| Salaries and Wages | 6,959,176 | 6,101,035 | 5,600,894 | |||
| 401(k) Expense | 64,584 | 73,246 | 65,823 | |||
| Advertising Expense | 886,959 | 921,454 | 996,584 | |||
| Depreciation and Amortization Expense | 1,312,395 | 1,000,384 | 876,592 | |||
| State and Local Taxes | 755,808 | 757,139 | 716,467 | |||
| Payroll Taxes | 577,437 | 549,693 | 459,668 | |||
| Telephone and Utilities | 444,444 | 400,207 | 351,818 | |||
| Repairs and Maintenance | 534,943 | 590,096 | 452,850 | |||
| Insurance and Employee Benefits | 627,508 | 570,506 | 603,409 | |||
| Rental Expense | 1,266,896 | 1,398,953 | 782,391 | |||
| Supplies and Printing | 386,976 | 375,509 | 476,074 | |||
| Professional Fees | 432,501 | 497,206 | 296,980 | |||
| Travel and Entertainment | 111,915 | 107,848 | 118,617 | |||
| Laundry and Uniforms | 63,170 | 62,050 | 43,702 | |||
| Charitable Contributions | 29,637 | 26,256 | 23,321 | |||
| Credit Loss Expense | 87,197 | 275,483 | 205,224 | |||
| Other Operating Expenses | 1,761,702 | 1,043,859 | 806,097 | |||
| Broker Fees | 198,190 | 236,945 | 226,791 | |||
| Total Selling, General and | ||||||
| Administrative Expenses | $ 16,536,949 | $ | 15,025,353 | $ | 13,145,299 |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the company's telephone and utilities expenses for the year 2022 (Restated) amounted to $351,818. This figure reflects the costs Gold Star incurred for its telephone and utility services during that specific year.
For a prospective franchisee, understanding this expense is crucial as it provides insight into the operational costs associated with running the franchise. While this figure represents the company's expenses, individual franchise locations will also incur similar costs, though the exact amount may vary based on location, size, and usage.
Reviewing these historical expenses helps potential franchisees forecast their own potential costs and profitability. It's important to note that these are company expenses and may not directly translate to a single franchise unit's expenses. Franchisees should inquire about the typical telephone and utilities expenses for a unit similar to the one they plan to operate to get a more accurate estimate.