What was the total amount of intangibles for B Bops in 2023?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
ccoto
| 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 |
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's total amount of intangibles in 2023 was $37,700. Intangible assets are long-term assets that do not have physical substance but have value to the company. Examples of intangible assets include trademarks, patents, and franchise agreements.
For a prospective B Bops franchisee, this information provides insight into the company's asset structure and how it values its intangible assets. The consistent value of intangibles from 2021 through 2024 may suggest a stable valuation approach for these assets.
It is important to note that while the value of intangibles remained constant, the accumulated amortization related to these assets also remained consistent at ($18,326) from 2021-2024. Amortization is the process of expensing the cost of an intangible asset over its useful life. The net value of B Bops's intangibles, after accounting for accumulated amortization, was $19,374 in 2023.