What were the total operating expenses for Monicals Pizza in the year represented in the table?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
terest:
| OPERATING REVENUES: | |||
|---|---|---|---|
| Restaurant sales | $ 4 5,815,328 | $ 45,177,919 | |
| Franchising revenues | 1 ,005,855 | 977,549 | |
| Total operating revenues | 4 6,821,183 | 4 6,155,468 | |
| OPERATING EXPENSES (INCOME): | |||
| Cost of restaurant sales | 1 1,953,858 | 1 2,624,482 | |
| Store labor | 1 7,728,791 | 1 7,402,656 | |
| 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 | 4 5,444,566 | 4 5,400,205 | |
| 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 |
EXHIBIT 6 TO THE FRANCHISE AGREEMENT
MULTI-STATE ADDENDA
ADDENDUM
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 year 2024 were $45,444,566. These expenses encompass various costs associated with running the Monicals Pizza business.
The operating expenses include the cost of restaurant sales, which was $11,953,858. Store labor accounted for $17,728,791. Other operating expenses totaled $5,702,647, while occupancy expenses amounted to $3,828,519. Depreciation expenses were $1,165,083, and general and administrative expenses reached $4,935,692. Profit sharing expenses were $163,266. There was also a net gain from insurance proceeds of $33,290, which is subtracted from the total operating expenses.
Prospective franchisees should consider these operating expenses when evaluating the potential profitability of a Monicals Pizza franchise. Understanding the breakdown of these expenses can help franchisees manage their costs effectively and make informed financial decisions. It's important to note that these figures represent the performance of company-owned restaurants and may not be directly applicable to franchised locations. Franchisees should conduct their own due diligence and consult with financial advisors to assess the potential expenses and profitability of their specific franchise location.