What was the total 'Cost of Goods Sold' for Mr. Sandless during January-February 25?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
| Jan - Feb 25 | |
|---|---|
| Ordinary Income/Expense | |
| Income | |
| 1 Direct Income | |
| E. Other | |
| 4003 · Administration Fees | 7,697.12 |
| 4106 · Online Product Sales | 50.00 |
| Total E. Other | 7,747.12 |
| 4001 · A. Franchise Fees | 45,000.00 |
| 4006 · C. Franchise Royalty Fees | 125,579.55 |
| Total 1 Direct Income | 178,326.67 |
| 3 Pass Through Income | |
| Gmail email | 1,690.00 |
| 4004 · Advertising Fund | 14,984.03 |
| 4008 · Franchise Kits | 50,000.00 |
| 4011 · NTFN | 2,194.00 |
| Total 3 Pass Through Income | 68,868.03 |
| 4024 · Credit | 50.00 |
| Total Income | 247,244.70 |
| Cost of Goods Sold | |
| 5002 · Carpentry Supplies | 389.51 |
| 5003 · Franchise Kits | 8,597.80 |
| Total COGS | 8,987.31 |
| Gross Profit | 238,257.39 |
| Expense | |
| Merchant deposit fees | 1,845.07 |
| Payroll | 110,594.77 |
| 6039 · Payroll Expenses - Gross | 13,256.47 |
| Payroll - Other | |
| Total Payroll | 123,851.24 |
| Payroll taxes | |
| 6040 · FUTA | 230.25 |
| 6041 · PaUC | 2,374.87 |
| 6042 · S.S. & Medicare | 8,398.79 |
| Payroll taxes - Other | 3,023.01 |
| Total Payroll taxes | 14,026.92 |
| Returned Check | |
| Insuff. Funds | 658.51 |
| Total Returned Check | 658.51 |
| 6001 · Advertising | |
| 5005 · Printed Materials | 100.00 |
| 6003 · Franchise | 565.00 |
| 6004 · Google | 8,693.05 |
| 6005 · Microsoft | 16,354.19 |
| 6006 · NTFN | 4,522.89 |
| 6001 · Advertising - Other | 750.00 |
| Total 6001 · Advertising | 30,985.13 |
| 6012 · Automobile Expense | 1,696.03 |
| 6015 · Fuel | |
| Total 6012 · Automobile Expense | 1,696.03 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the total cost of goods sold (COGS) for the period of January through February 2025 was $8,987.31. This figure is comprised of $389.51 in carpentry supplies and $8,597.80 in franchise kits.
For a prospective Mr. Sandless franchisee, understanding the cost of goods sold is crucial as it directly impacts the gross profit. By subtracting the COGS from total income, one can determine the gross profit, which in this case was $238,257.39 for the same period. This information is helpful in assessing the profitability of the franchise during this period.
It's important to note that these figures are based on unaudited financial statements. The FDD explicitly states that "THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED AN OPINION WITH REGARD TO THE CONTENT OR FORM."
Therefore, while the provided data gives an overview of Mr. Sandless's financial performance during the specified period, potential franchisees should consider this information preliminary and conduct their own due diligence, potentially consulting with a financial advisor, to gain a comprehensive understanding of the franchise's financial health.