What were the total operating expenses for Monicals Pizza in 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
-----------------------|------|------------|----|------------------------------------------------|--| | OPERATING REVENUES: | | | | | | | Restaurant sales | $ | 45,815,328 | $ | 45,177,919 | | | Franchising revenues | • | 1,005,855 | , | 977,549 | | | Total operating revenues | | 46,821,183 | | 46,155,468 | | | OPERATING EXPENSES (INCOME): | | | | | | | Cost of restaurant sales | | 11,953,858 | | 12,624,482 | | | Store labor | | 17,728,791 | | 17,402,656 | | | Operating | | 5.702.647 | | 5,968,408 | | | Occupancy | | 3,828,519 | | 3,856,181 | | | Depreciation | | 1,165,083 | | 1,177,751 | | | General and administrative | | 4,935,692 | | 4,324,512 | | | Profit sharing | | 163,266 | | 97,130 | | | Net gain from insurance proceeds | | (33,290) | | (50,915) | | | Total operating expenses | | 45,444,566 | | 45,400,205 | | | OPERATING INCOME | | 1,376,617 | | 755,263 | | | OTHER INCOME (EXPENSES): | | | | | | | Interest income | | 307,758 | | 124,907 | | | Interest expense - finance leases | | (34,864) | | (16,152) | | | Other income | | 33,464 | | 31,297 | | | Loss on sale of fixed assets | | (2,404) | | (1,030) | | | Total other income | | 303,954 | | 139,022 | | | NET INCOME | | 1,680,571 | | 894,285 , | | | Basic and diluted income per common share: | _ | | _ | | | | Net income per common share | $ | 4.30 | $ | 2.29 | | | Weighted average shares outstanding | | 391,250 | | 391,175 | |
**CONSOLIDATED STATEMENTS OF OWNERS' EQUIT
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the total operating expenses for the company in 2023 were $45,444,566. This figure is derived from the consolidated financial statements which include the accounts of Monical Pizza Corporation and its subsidiary, Comfort Foods.
These operating expenses encompass various costs associated with running the Monicals Pizza business. Key components include the cost of restaurant sales, which amounted to $11,953,858, store labor expenses totaling $17,728,791, operating costs of $5,702,647, and occupancy expenses of $3,828,519. Additionally, depreciation accounted for $1,165,083, while general and administrative expenses reached $4,935,692. Profit sharing contributed $163,266 to the total expenses.
It's also important to note that the net gain from insurance proceeds had a reducing effect on the total operating expenses, amounting to ($33,290). This gain is related to insurance proceeds the company received for property damage at the store in Springfield, IL and for dumpster damage at the store in Bourbonnais, IL. Understanding these components provides a prospective franchisee with insight into where Monicals Pizza spends money to generate revenue.