How did the Kitchen Solvers' technology fee revenue change from 2022 to 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
and materials. Accordingly, the revenue for these fees is recognized monthly.
The following table provides information about revenue recognized from contracts with customers for the year ended December 31:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Initial franchise fee | $ 259,581 | $ 232,748 | $ 193,048 |
| Supplies package | 37,350 | 70,512 | 75,559 |
| Royalty fee | 984,777 | 888,476 | 807,670 |
| Technology fee | 144,481 | 122,292 | 105,750 |
| Brand fund fee | 87,485 | 76,14 |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the technology fee revenue has increased from 2022 to 2024. In 2022, Kitchen Solvers collected $105,750 in technology fees. This increased to $122,292 in 2023, showing a growth in technology fee revenue year-over-year. By 2024, the technology fee revenue further increased to $144,481.
This increase in technology fee revenue suggests a growing reliance on or expansion of Kitchen Solvers' technology offerings within its franchise system. It could indicate that more franchisees are utilizing the technology, or that the technology itself is becoming more valuable or comprehensive.
For a prospective franchisee, this trend could mean that technology plays an increasingly important role in the Kitchen Solvers business model. It may also imply ongoing investment in and development of technology solutions by the franchisor, which could be a positive sign. However, franchisees should investigate what specific technologies these fees cover and how they benefit the franchisee directly to ensure they are receiving value for the cost.