What was the net income for B Bops at December 31, 2024?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 for the company at December 31, 2024, was $168,453. This figure represents the increase in retained earnings for that year before accounting for any distributions to the shareholder. Understanding the net income is crucial for potential franchisees as it provides insight into the financial performance and profitability of B Bops.
It's important to note that while the net income reflects the company's profitability, it does not account for distributions made to the shareholder. In 2024, B Bops distributed $7,596 to its shareholder, which reduced the retained earnings. Therefore, while the net income was $168,453, the actual increase in retained earnings was lower due to these distributions.
Analyzing the net income in conjunction with other financial metrics, such as cash flow and related party transactions, provides a more comprehensive understanding of B Bops's financial health. Prospective franchisees should review the complete financial statements and consult with a financial advisor to assess the financial stability and potential risks associated with investing in a B Bops franchise.