What was the note receivable - shareholder amount for B Bops as of December 31, 2024?

According to B Bops's 2025 Franchise Disclosure Document, the note receivable from the shareholder as of December 31, 2024, was $194,917. The FDD also provides the note receivable amounts for previous years, which were $132,338 as of December 31, 2023, $129,116 as of December 31, 2022, and $125,973 as of December 31, 2021. According to the disclosure, no payments are expected to be made within one year of the financial statement date.

This related party transaction indicates that the shareholder owes a significant amount of money to B Bops Franchising Corp. It is important to note that this is a receivable, meaning it is an asset on B Bops's balance sheet, representing money owed to the company. The fact that no payments are expected within one year suggests this is a long-term receivable.

For a prospective franchisee, this information is relevant because it provides insight into the financial relationship between B Bops and its shareholder. While such related-party transactions are not uncommon, potential franchisees should seek clarification from B Bops regarding the terms of the note, the repayment schedule, and the reasons behind this financial arrangement. Understanding the nature of these transactions can help a franchisee assess the financial stability and management practices of B Bops.