What were the total expenses for Kitchen Solvers in 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
,837 | 8,813 | | Travel and entertainment | 9,606 | 6,249 | 13,917 | | Utilities | 16,666 | 16,665 | 21,386 | | Totals | $ 1,461,463 | $ 1,327,622 | $ 1,362,454 |
Schedules of Cost of Sales
December 31, 2024, 2023, and 2022
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Depreciation | $ 9,335 | $ 4,976 | $ - |
| Rent | 20,377 | 11,390 | - |
| Supplies | 272,839 | 56,367 | - |
| Utilities | 2,529 | 412 | - |
| Totals | $ 305,080 | $ 73,145 | $ - |
Item 22
CONTRACTS
This Disclosure Document includes the following contracts:
Exhibit B -- KITCHEN SOLVERS Franchise Agreement with Appendices – A (Personal Guaranty), B
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, a comprehensive figure for the total expenses in 2024 is not explicitly provided. However, the FDD does include some specific expense categories for 2024. For example, the expenses for depreciation were $9,335, rent totaled $20,377, supplies amounted to $272,839, and utilities were $2,529. These listed expenses total $305,080.
Additionally, the FDD lists other expenses such as advertising ($39,480), bank charges ($4,779), business development ($90,240), and computer service ($6,170). These additional expenses total $140,669. It is important to note that these are not the only expenses Kitchen Solvers likely incurred during 2024, as this is not an exhaustive list.
A prospective Kitchen Solvers franchisee should request a complete Profit and Loss (P&L) statement from the franchisor to understand all expenses incurred to determine the overall financial performance of the company. Reviewing the complete financial statements and asking for clarification on any missing information will provide a clearer picture of the expenses a franchisee might expect to encounter.