What were the total receipts for Monicals Pizza related to state taxes in 2024?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
---------------| | Payroll and vacation | $ 1,555,110 | $ 2,186,026 | | Real estate taxes | 530,913 | 513,162 | | Profit sharing | 173,597 | 163,267 | | Sales and use taxes | 112,816 | 146,567 | | Other | 65,881 | 57,501 | | Payroll taxes | 65,400 | 144,924 | | Percentage rent | 43,754 | 55,711 | | State taxes | 4,954 | 71,755 | | Totals | $ 2,552,425 | $ 3,338,913 |
NOTE 5 – LINE OF CREDIT
The Company has a revolving line
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 receipts related to state taxes totaled $4,954 in 2024. This figure is part of a larger table that outlines various receipts, including payroll and vacation, real estate taxes, profit sharing, sales and use taxes, and other categories.
When evaluating this information, a prospective franchisee should consider this amount in the context of overall financial performance. State taxes are a normal part of operating a business, but the relatively low figure for Monicals Pizza in 2024 compared to other categories like payroll and real estate taxes may suggest something about the specific tax structure or incentives the company benefits from.
It's also worth noting the significant decrease from 2023, when state taxes totaled $71,755. This kind of variance could be due to changes in state tax laws, business operations, or accounting practices. A potential franchisee should inquire about the reasons for this decrease to fully understand the company's financial situation and future tax liabilities. Understanding these factors is crucial for accurate financial planning and assessing the overall profitability of a Monicals Pizza franchise.
Understanding the details behind these figures is essential for any prospective franchisee to accurately assess the financial health and stability of Monicals Pizza.