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What were the salaries disbursed by B Bops in 2022?

B_Bops Franchise · 2025 FDD

Answer 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, 2022 and 2021. No expenses were paid by the common paymaster in 2024 and the full amount of $20,608 was paid on March 20th<

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 $0 in salaries during the year ended December 31, 2022. However, it is important to note that B-Bop's, Inc. (a common paymaster) paid salaries and payroll taxes for the Company. These transactions resulted in a payable due to B-Bop's Inc. of $20,608 for the years ended December 31, 2022 and 2021.

This indicates that while B Bops Franchising Corporation itself did not directly pay out salaries in 2022, there were salary and payroll tax obligations handled through a common paymaster, B-Bop's, Inc. This arrangement could have implications for how a franchisee interacts with the parent company regarding employee compensation and related expenses. The payable of $20,608 due to B-Bop's Inc. for the years 2022 and 2021 suggests an inter-company financial relationship that prospective franchisees should understand.

Franchisees should clarify with B Bops how employee salaries and payroll taxes are handled in practice. Understanding the role of the common paymaster and any associated financial obligations is crucial for accurate financial planning. It's also important to understand why there were no direct salary expenses recorded by B Bops Franchising Corporation in 2022, as this deviates from the $100,000 in salaries paid in 2021.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.