What was the total amount of real estate taxes paid by Monicals Pizza in 2023?
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 paid $513,162 in real estate taxes in 2023. This figure is part of the accrued expenses and other current liabilities reported by Monicals Pizza. These expenses reflect the company's financial obligations and are a standard part of financial reporting.
Real estate taxes are a significant operating expense for any business, especially those with physical locations like Monicals Pizza restaurants. Franchisees should consider these costs when evaluating the potential profitability of a location. Understanding the real estate tax burden in a specific area is crucial for accurate financial forecasting.
The FDD provides a comparison to the previous year, 2022, when real estate taxes were $487,485. This year-over-year increase gives prospective franchisees insight into how these expenses can fluctuate. Franchisees should research local property tax trends and consult with financial advisors to anticipate potential changes in real estate taxes, as these can impact their bottom line.