What were the bank charges disbursed by B Bops in 2023?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
2021
| _ | 2024 | 2023 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Operating Revenue | ||||||||
| Royalties | 1 | 171,308 | _ | 153,244 | 168,937 | _ | 155,330 | |
| Total Operating Revenue | , $ | 171,308 | $ | 153,244 | $ | 168,937 | $ | 155,330 |
| Operating Expenses | ||||||||
| Professional Fees | $ | 22,283 | $ | 20,398 | $ | 20,472 | $ | 14,989 |
| Salaries | - | 100,000 | ||||||
| Payroll taxes | - | - | - | 1,450 | ||||
| Bank Charges | 572 | 502 | 504 | 519 | ||||
| Total Operating Expenses | $ | 22,855 | $ | 20,900 | $ | 20,976 | $ | 116,958 |
| Income From Operations | $ | 148,453 | $ | 132,344 | $ | 147,961 | $ | 38,372 |
| Other Income | ||||||||
| Interest Income | $ | 20,000 | $ | 9,599 | $ | 3,144 | $ | 3,506 |
| Total Other Income | $ | 20,000 | $ | 9,599 | $ | 3,144 | $ | 3,506 |
| Net Income | $ | 168,453 | $ | 141,943 | $ | 151,105 | $ | 41,878 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the bank charges disbursed in 2023 were $502. This figure is part of the cash disbursed for operating activities. Understanding these operational costs is crucial for prospective franchisees as it directly impacts their potential profitability.
Bank charges, while seemingly small, are a recurring expense that franchisees need to account for in their financial planning. These charges can arise from various banking services, such as transaction fees, account maintenance fees, or other service charges. Monitoring these expenses and seeking cost-effective banking solutions can help franchisees optimize their financial performance.
It's important for potential B Bops franchisees to review the financial statements in the FDD carefully and consider all operating expenses, including bank charges, when projecting their potential earnings. While $502 may not seem like a substantial amount, consistent monitoring and management of these costs can contribute to improved profitability over time. Furthermore, understanding how these charges have trended over the past few years, as presented in the FDD, can provide insights into potential future expenses.