factual

What was the total amount spent on 'Insurance - Other' for Mr. Sandless?

Mr_Sandless Franchise · 2025 FDD

Answer from 2025 FDD Document

6017 · Bank Service Charges 6018 · Cellular Service 6028 · Insurance 6029 · Auto 6031 · Health 243.61 671.29 716.43 2,024.64
6028 · Insurance - Other 726.00
Total 6028 · Insurance 3,467.07

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)

What This Means (2025 FDD)

According to Mr. Sandless's 2025 Franchise Disclosure Document, the company spent $726.00 on 'Insurance - Other'. This figure is part of the broader category of insurance expenses, which totaled $3,467.07. Other specific insurance expenses listed include $716.43 for general insurance and $2,024.64 for auto insurance. These figures reflect the expenses incurred by Mr. Sandless to maintain various insurance coverages necessary for its operations.

For a prospective franchisee, understanding these costs is crucial for budgeting and financial planning. Insurance expenses are a standard business overhead, and knowing the specific amounts Mr. Sandless allocates to different insurance types can help franchisees estimate their own potential costs. It is important to note that these figures represent the franchisor's expenses and may not directly translate to a franchisee's costs, as insurance needs and premiums can vary based on location, business size, and other factors.

Prospective franchisees should inquire about the types of insurance Mr. Sandless requires them to carry, as well as any recommended or preferred insurance providers. This information will enable franchisees to obtain accurate quotes and ensure they are adequately covered. Understanding the franchisor's insurance expenses can also provide a benchmark for evaluating the reasonableness of their own insurance costs and identifying potential areas for savings.

In summary, the $726.00 spent on 'Insurance - Other' by Mr. Sandless, as detailed in the FDD, offers valuable insight into the franchisor's operational expenses. While this figure is specific to the franchisor, it underscores the importance of insurance as a business expense and highlights the need for franchisees to carefully consider their own insurance needs and costs.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.