What were the total operating expenses for Mr. Sandless in 2022?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
alance due from a related party was $82,500 and $110,000, respectively.
The Company periodically receives funds from its members' or related companies. These advances are due on demand and do not bear interest. As of December 31, 2022, and 2021, the amount due to a related party was $300 and $14,224, respectively.
6. PROPERTY AND EQUIPMENT
Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the estimated useful life of the asset, which is five years. Expenditures for repairs and maintenance are charged to expense as incurred. Property and equipment consist of office equipment, computer equipment and automobiles. At December 31, 2022 and 2021 these assets had a book value of $7,290 and $19,944, respectively. Depreciation expense for the years ended December 31, 2022, and 2021 was $13,191 and $14,091, respectively.
7. BRAND DEVELOPMENT FEES
As per the franchise agreements, the Company collects marketing fees on a continuing basis. These funds are
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the specific total operating expenses for Mr. Sandless in 2022 are not explicitly detailed. However, the FDD does include some expense-related figures. For example, the company expensed $220,469 on brand name marketing in 2022. Additionally, depreciation expense for the year ended December 31, 2022, was $13,191. These figures offer some insight into specific expense categories.
To gain a comprehensive understanding of Mr. Sandless's operating expenses, it would be necessary to review the complete audited financial statements. These statements would typically include a detailed breakdown of all expenses incurred during the year, providing a clearer picture of where the company's money is being spent.
A prospective franchisee should ask Mr. Sandless for a complete itemized list of operating expenses for 2022. Understanding these costs is crucial for developing accurate financial projections and assessing the overall profitability of a Mr. Sandless franchise.