What was the total amount of B Bops' current assets as of December 31, 2023?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Asset | S | |||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | n= | 2023 | 2022 | 2021 | ||||
| Current Assets | ||||||||
| Cash | $ | 542,855 | $ | 467,403 | $ | 351,509 | $ | 170,478 |
| Franchise fee receivable | 45,183 | 14,761 | 13,029 | 13,231 | ||||
| Receivable - related party | 32,380 | |||||||
| Total Current Assets | $ | 588,038 | $ | 482,164 | $ | 364,538 | $ | 216 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $482,164. This figure represents the sum of B Bops' cash, franchise fee receivable, and receivable from related parties. These assets are expected to be converted into cash or used up within one year.
Understanding the composition of current assets is crucial for prospective franchisees. Cash, at $467,403, makes up the majority of the current assets. Franchise fee receivables, which represent the amount due from franchisees, totaled $14,761.
Monitoring these figures over time can reveal trends in B Bops' financial health and its ability to meet short-term obligations. A significant change in these values could signal potential financial challenges or opportunities for the company. Reviewing these figures in comparison to previous years can provide a more comprehensive understanding of the company's financial stability.