What were the total expenses for the Learningrx franchise system in 2024?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Expenses | ||
| Bad debt | 29,764 | - |
| Depreciation | 898 | 898 |
| Franchise system expenses | 615,225 | 564,949 |
| Marketing and development | 50,212 | 34,373 |
| Outside consultants | 104,033 | 105,341 |
| Overhead | 79,864 | 133,279 |
| Professional fees | 67,938 | 90,734 |
| Rent | 60,000 | 80,000 |
| Research and development | 24,000 | 39,138 |
| Sales expenses | 246,224 | 268,100 |
| Technology | 124,023 | 184,121 |
| Total Expenses | 1,402,181 | 1,500,933 |
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, the total expenses for the Learningrx franchise system in 2024 were $1,402,181. This figure encompasses various operational costs, including franchise system expenses, marketing and development, outside consultants, overhead, professional fees, rent, research and development, sales expenses, and technology.
The FDD provides a detailed breakdown of these expenses, offering transparency into where Learningrx allocates its resources. Franchise system expenses accounted for $615,225, while marketing and development totaled $50,212. Other significant expenses included outside consultants at $104,033, overhead at $79,864, professional fees at $67,938, rent at $60,000, research and development at $24,000, sales expenses at $246,224 and technology at $124,023.
Understanding these expenses is crucial for prospective franchisees as it provides insight into the financial health and operational strategies of Learningrx. By examining these figures, potential franchisees can assess the franchisor's investment in key areas such as marketing, technology, and research and development, which can impact the overall success and growth of the franchise system.