Highlights of T.G.I. Friday’s Item 19 Financial Performance Representations (2012 FDD) – Part 2
Statement of Labor Cost, Controllable Operating Expenses, and Management Training Expenses – Average for 52 Weeks Ended December 26, 2011
- All figures are rounded off to the nearest thousand dollars.
Labor Cost: $1,064,000 (33%)
Labor Cost includes employee training expenses (excluding management training expenses described below), employee salaries and wages, benefits and taxes, and management salaries, benefits, and bonuses.
- The cost of providing group medical and dental insurance for employees will vary depending on many factors, including the extent and amount of coverage provided and the loss experience of the group. Franchisees with a smaller total employee base may encounter higher relative costs than the company does in providing comparable health benefits.
- Other benefits which you elect to provide to your employees, such as the amount of vacation time and vacation pay, are factors which will affect total labor and operating costs.
To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.
Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.
Gain
the Insider Information (and Actual Earnings Data) You Need to Make a
Safe and Smart Franchise Investment - See more at:
https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf
💼Corporate Executives: Your Management Experience Is Your Greatest Franchise Asset
Whether navigating a career transition or planning your next chapter, franchise ownership gives you a proven system to put decades of management experience to work for yourself. Severance packages, 401k rollovers, and SBA loans make funding more accessible than most executives realize. Enter your ZIP code to explore franchise opportunities still available in your area and find out which brands are actively seeking experienced business leaders like you.The Best of Franchise Chatter
🥇The Most Profitable Franchises of 2026
🥈Franchises Ranked by Average Revenues
🥉Franchises Ranked by Average Profits
🏆Franchise Winners, Survivors & Losers
Subscribe Now or Log In
🎖️Military Veterans: Your Service Prepared You for Franchise Ownership Better Than You Think
Franchisors actively seek out veterans because the discipline, leadership, and ability to follow a proven system that the military instills are exactly the qualities that make franchise owners successful. Through the VetFran program, many leading brands offer significant incentives including reduced franchise fees and special financing. Enter your ZIP code to explore franchise opportunities still available in your area and find out which brands are actively looking for veterans like you.
Franchise Chatter is reader-supported. We may receive a commission for leads generated from affiliate links and banners on our site.
Leave a Reply