What was the net income for B Bops at December 31, 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 net income for the year ended December 31, 2023, was $141,943. This figure represents the company's profit after deducting all operating expenses, such as professional fees and bank charges, from the total operating revenue (royalties) and accounting for other income like interest income.
For a prospective B Bops franchisee, understanding the franchisor's net income can provide insights into the financial health and stability of the company. A consistent and positive net income trend, as seen from 2021 to 2024, may indicate a well-managed and profitable franchise system. However, it is essential to consider other factors, such as the company's liabilities, cash flow, and overall financial position, to get a comprehensive view.
It's also worth noting that while B Bops's net income provides a snapshot of its financial performance, it does not directly translate into the potential profitability of an individual franchise. A franchisee's success will depend on various factors, including location, operating costs, marketing efforts, and the ability to effectively manage the business. Therefore, prospective franchisees should conduct thorough due diligence, including reviewing the financial performance of existing franchisees and developing a detailed business plan, to assess their own potential for success with B Bops.