What was the receivable from related party for B Bops in 2021?

According to B Bops's 2025 Franchise Disclosure Document, the receivable from the sole shareholder was $125,973 for the year ended December 31, 2021. This receivable represents money owed to B Bops Franchising Corp. by its sole shareholder. The FDD specifies that no payments are expected to be made within one year of the financial statement date.

This related-party transaction indicates a financial relationship between B Bops and its shareholder. Prospective franchisees should understand the nature of these transactions and how they might affect the company's financial stability. It's common for franchisors to have related-party transactions, but the amounts and terms should be carefully scrutinized.

In addition to the receivable amount, B Bops also reported interest income related to this receivable. The interest income was $3,506 for the year ended December 31, 2021. This interest income contributes to the overall revenue of B Bops. Franchisees should consider this interest income when evaluating the financial performance of the company.

It is important to note that the financial statements include comparative data for previous years (2023, 2022 and 2021) to provide a basis for comparison with 2024. However, the FDD states that these prior-year totals are not intended to present all information necessary for a fair presentation in conformity with accounting principles generally accepted in the United States of America. Therefore, prospective franchisees should review the complete financial statements for those years to gain a comprehensive understanding of B Bops's financial history.