What was the total amount of B Bops' other non-current assets as of December 31, 2024?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | $ | 216,089 |
| Fixed Assets | ||||||||
| Intangibles | $ | 37,700 | $ | 37,700 | $ | 37,700 | $ | 37,700 |
| Accumulated amortization | (18,326) | (18,326) | (18,326) | (18,326) | ||||
| Total Fixed Assets | $ | 19,374 | $ | 19,374 | $ | 19,374 | $ | 19,374 |
| Other Non-Current Assets | ||||||||
| Note Receivable - Shareholder | $ | 194,917 | $ | 132,338 | $ | 129,116 | $ | 125,973 |
| Total Other Non-Current Assets | $ | 194,917 | $ | 132,338 | $ | 129,116 | $ | 125,973 |
| Total Assets | $ Liabili | 802,329 ties and Stock | $ holder | 633,876 s Equity | $ | 513,028 | $ | 361,436 |
| Cur |
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 other non-current assets as of December 31, 2024, amounted to $194,917. This is composed of a note receivable from a shareholder.
This figure represents the total value of assets that B Bops possesses that are not expected to be converted to cash within one year. For a prospective franchisee, understanding the composition and value of these assets provides insight into the company's long-term financial health and stability. Non-current assets can contribute to the overall financial strength of the company, but their value is not immediately available for short-term obligations.
The note receivable from the shareholder, which constitutes the entirety of other non-current assets, indicates a financial relationship between B Bops and its shareholder. The FDD also states that no payments are expected to be made within one year of the financial statement date. This arrangement could have implications for the company's cash flow and financial planning, as it represents funds owed to the company that are not immediately accessible.
Reviewing the trend of these assets over the years, as presented in the balance sheet, can further help potential franchisees assess the consistency and nature of B Bops' financial management. In 2023, 2022, and 2021, the total other non-current assets were $132,338, $129,116, and $125,973, respectively. This shows a general increase in this asset category over the past few years.