What was the net income for B Bops at December 31, 2022?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
2021
| Balance at January 1, 2021 | Capit | tal Stock - | dditional d-in Capital 149,999 | Retained Earnings 148,950 | Ś | Total 298,950 |
|---|---|---|---|---|---|---|
| Net Income | $ | $ /81 | $ 41,878 | $ | 41,878 | |
| Balance at December 31, 2021 | $ | 1 | $ 149,999 | $ 190,828 | $ | 340,828 |
| Net Income | $ | $ | $ 151,105 | $ | 151,105 | |
| Balance at December 31, 2022 | $ | 1 | $ 149,999 | $ 341,933 | $ | 491,933 |
| Net Income | $ | $ | $ 141,943 | $ | 141,943 | |
| Balance at December 31, 2023 | $ | 1 | $ 149,999 | $ 483,876 | $ | 633,876 |
| Net Income | $ | ¥ | $ - | $ 168,453 | $ | 141,943 |
| Distributions | (7,596) | (7,596) | ||||
| Balance at December 31, 2024 | $ | 1 | $ 149,999 | $ 644,733 | $ | 794 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the net income at December 31, 2022 was $151,105. This figure reflects the company's profitability for that year, representing the earnings after all expenses and taxes have been deducted from revenues. This information is crucial for potential franchisees as it provides insight into the financial health and earning potential of B Bops.
Specifically, the provided balance sheet details the progression of retained earnings and net income over several years. The balance at December 31, 2022 shows retained earnings of $341,933, which is the accumulation of past and present earnings. The net income of $151,105 for 2022 contributed to this retained earnings balance.
Understanding the net income and retained earnings helps prospective franchisees evaluate the financial stability and growth trajectory of B Bops. A consistent history of positive net income suggests a well-managed and profitable franchise system. Reviewing these figures in conjunction with other financial statements and disclosures in the FDD is essential for making an informed investment decision.