What were the franchise royalties for Management Recruiters for the three months ended December 31, 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
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Note 15 – Unaudited Quarterly Results of Operations
The following table displays our unaudited consolidated statement of operations for the fourth quarter ended December 31, 2022 and December
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, franchise royalties for the three months ended December 31, 2022, were $7,671. This figure represents the royalties Management Recruiters collected from its franchisees during that specific three-month period.
For a prospective franchisee, this indicates the scale of royalty payments being made across the franchise system. Keep in mind that this is a system-wide number and not what an individual franchisee would pay. Individual royalty payments depend on the specific franchise agreement and sales performance.
It's important to note that this figure is unaudited and represents only a snapshot in time. Prospective franchisees should review the full financial statements and speak with existing franchisees to gain a more comprehensive understanding of royalty obligations and financial performance within the Management Recruiters system.