What were the professional fees for B Bops in 2021?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
2021
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Cash Flows from Operating Activities | ||||
| Cash Provided by Operating Activities Operating Revenue Interest Accrued Reconciliation of Net Income to Net Cash | $ 171,308 | $ 153,244 | $ 168,937 | $ 155,330 |
| 20,000 | 9,599 | 3,144 | 3,506 | |
| Provided by Operating Activities: Franchise Fee Receivable Accounts Payable | $ (30,422) | $ (1,732) | $ 203 | $ (2,318) |
| 7,596 | (487) | 487 | (41,912) | |
| $ 168,482 | $ 160,624 | $ 172,771 | $ 114,606 | |
| Cash Disbursed for Operating Activities: Professional Fees Bank Charges Salaries Payroll Taxes | $ (22,283) | $ (20,398) | $ (20,472) | $ (14,989) |
| (572) | (502) | (504) | (519) | |
| - | - | - | (100,000) | |
| - | - | - | (1,450) | |
| Net Cash Provided (Used) by Operating Activities | $ 145,627 | $ 139,724 | $ 151,795 | $ (2,352) |
| Cash Flows from Investing Activities: | ||||
| Investment in Note Receivable - Related Party | $ - | $ (20,608) | $ 32,380 | $ (3,034) |
| Investment in Note Receivable - Shareholder | (62,579) | (3,222) | (3,144) | |
| Net Cash Provided (Used) by Investing Activities | $ (62,579) | $ (23,830) | $ 29,236 | $ (3,034) |
| Cash Flows from Financing Activities: | ||||
| Shareholder Distributions | $ (7,596) | $ - | $ | $ |
| Net Cash Used by Financing Activities | $ (7,596) | $ | $ | $ |
| Net Increase (Decrease) in Cash and Cash Equivalents | $ 75,452 | $ 115,894 | $ 181,031 | $ (5,386) |
| Cash and Cash Equivalents at Beginning of Year | $ 467,403 | $ 351,509 | $ 170,478 | $ 175,864 |
| Cash and Cash Equivalents at End of Year | $ 542,855 | $ 467,403 | $ 351,509 | $ 170 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, the professional fees for B Bops in 2021 were $14,989. This figure is part of the cash disbursed for operating activities. Professional fees are expenses the company incurs for services provided by professionals such as accountants, lawyers, or consultants. These fees are a component of the overall operating expenses for B Bops.
For a prospective franchisee, understanding the franchisor's professional fees can provide insight into the overhead costs B Bops incurs to support its operations. While franchisees do not directly pay these fees, they are an indicator of the franchisor's financial management and resource allocation. Lower professional fees might suggest efficient management or less reliance on external expertise, while higher fees could indicate more complex operational or legal needs.
It's important to note that these fees are just one aspect of the overall financial health of B Bops. Franchisees should consider this figure in conjunction with other financial data, such as revenue, net income, and other operating expenses, to get a comprehensive understanding of the franchisor's financial performance. Reviewing trends in professional fees over several years, as presented in the table, can also offer valuable insights into how these costs are changing over time.