What was the total amount of payroll and vacation expenses for Monicals Pizza in 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
| Accrued expenses and other current liabilities consist of the following as of December 31: | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Payroll and vacation | $ 2,186,026 $ 1,784,330 | ||
| Real estate taxes | 513,162 | 487,485 | |
| Profit sharing | 163,267 | 97,130 | |
| Sales and use taxes | 146,567 | 115,949 | |
| Payroll taxes | 144,924 | 114,583 | |
| State replacement tax | 71,755 | 113,075 | |
| Percentage rent | 55,711 | 61,534 | |
| Other | 57,501 | 54,546 | |
| Totals | $ 3,338,913 | $ 2,828,632 |
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the company's payroll and vacation expenses for the year 2022 totaled $1,784,330. This figure represents the accrued expenses and other current liabilities related to payroll and vacation obligations as of December 31, 2022.
For a prospective Monicals Pizza franchisee, this number provides insight into the scale of employee-related financial obligations the company manages. It is important to note that this figure reflects the expenses for company-owned stores and does not include the payroll and vacation expenses that would be incurred at a franchised location.
Understanding these expenses is crucial for franchisees as they will need to manage their own payroll and vacation costs, which will vary depending on staffing levels, local wage rates, and vacation policies. Reviewing these figures in conjunction with other financial statement data can help potential franchisees develop realistic financial projections for their own Monicals Pizza restaurant.