What were the professional fees for B Bops in 2022?
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 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the company's professional fees in 2022 were $20,472. This figure reflects the expenses B Bops incurred for professional services during that year.
Professional fees typically include costs for services such as accounting, legal, and consulting. For a prospective franchisee, understanding these historical costs can provide insight into the types and amounts of ongoing professional services they might expect B Bops to utilize and potentially pass on to franchisees in some form, either directly or indirectly.
It's important to note that these fees are specific to B Bops Franchising Corporation and may not directly translate to the expenses a franchisee will incur in operating their own B Bops restaurant. However, it offers a benchmark for understanding the franchisor's operational costs.