What were the salaries for B Bops in 2021?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
r 31, 2021.
B-Bop's, Inc. (a common paymaster) paid salaries and payroll taxes for the Company. The amount paid for salaries and payroll taxes was $0 for the year ended December 31, 2024, $0 for the year ended December 31, 2023, $0 for the year ended December 31, 2022 and $101,450 for the year ended December 31, 2021. These transactions resulted in a payable due to B-Bop's Inc. of $20,608 for the years ended December 31, 20
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 paid $100,000 in salaries and $1,450 in payroll taxes in 2021. These payments were made through B-Bop's, Inc., a common paymaster. This arrangement resulted in a payable due to B-Bop's Inc. of $20,608 for the years ended December 31, 2022 and 2021.
This information is relevant to potential franchisees as it provides insight into the company's financial management and obligations. The use of a common paymaster and the resulting payable indicate specific accounting practices that franchisees may want to understand further. Additionally, the FDD shows that the company had $170,478 in cash and cash equivalents at the end of 2021.
Reviewing the company's financial statements, including the balance sheet and income statement, can provide a more comprehensive understanding of the company's financial health. Franchisees should also inquire about the details of the common paymaster arrangement and any potential implications for their own business operations. Understanding these financial details is crucial for making an informed decision about investing in a B Bops franchise.