What were the professional fees disbursed by B Bops in 2024?
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 | $ |
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 disbursed $22,283 for professional fees in 2024. This figure is part of the cash disbursed for operating activities, which also includes bank charges, salaries, and payroll taxes. Reviewing these expenses can provide insight into the ongoing costs B Bops incurs to support its franchising operations.
For a prospective franchisee, understanding these expenses is crucial as it reflects the franchisor's financial management and operational costs. Professional fees can cover a range of services, such as legal, accounting, or consulting, which are essential for maintaining the franchise system's integrity and compliance. Monitoring these costs over time, as presented in the table for previous years, can help assess the franchisor's financial stability and efficiency.
It's important to note that these professional fees are just one component of B Bops's overall operating expenses. Franchisees should consider these figures in conjunction with other costs and revenue streams to gain a comprehensive understanding of the franchisor's financial health. This information can aid in evaluating the potential risks and rewards associated with investing in a B Bops franchise.