What was the occupancy expense for Monicals Pizza in the earlier of the two reported years?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
ecember 31,
2024 2023 45,815,328 1,005,855 46,585,248 46,821,183 11,953,858 17,728,791 5,702,647 3,828,519 1,165,083 4,935,692 173,597 163,266 (461,551) (33,290) 45,043,421 45,444,566 1,541,827 1,376,617 307,758 (34,864) 33,464 - (2,404) 307,531 303,954 1,849,358 1,680,571 $ 4.73 $ 4.30 391,250 $ 45,624,409 $ 960,839 11,176,742 18,051,846 5,779,342 4,022,912 1,119,873 5,180,660 306,125 (34,125) 35
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the consolidated statements of income show the occupancy expense for the year ended December 31, 2023, was $4,022,912. This figure represents the cost incurred by Monicals Pizza for occupying its restaurant locations during that year.
Occupancy expenses are a significant factor for franchisees to consider, as they directly impact the profitability of the business. These costs typically include rent, property taxes, insurance, and maintenance related to the physical space of the restaurant. Understanding the occupancy expenses is crucial for a prospective franchisee to accurately project their operating costs and potential earnings.
Reviewing these expenses over multiple years, as presented in the FDD, allows potential franchisees to identify trends and assess the stability of these costs. This information, combined with local market research on real estate costs, can help franchisees make informed decisions about site selection and lease negotiations. It's important to note that these figures reflect the expenses of company-owned locations, and a franchisee's individual expenses may vary based on their specific location and lease terms.