What was the total assets for B Bops in 2021?
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 | $ | 216,089 |
| 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 |
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 assets in 2021 were $361,436. This figure represents the sum of B Bops's current assets, fixed assets, and other non-current assets at the end of the 2021 fiscal year. Current assets include cash of $170,478, franchise fees receivable of $13,231 and receivable from a related party of $32,380. Fixed assets consist of intangibles valued at $37,700, less accumulated amortization of $18,326, resulting in a total fixed asset value of $19,374. Other non-current assets are comprised of a note receivable from a shareholder, amounting to $125,973.
For a prospective franchisee, understanding the asset composition of B Bops provides insight into the financial health and stability of the franchisor. A higher asset base can indicate a stronger financial position, potentially offering more support and resources to franchisees. However, it is also important to consider how these assets are distributed. For instance, a significant portion of assets tied up in notes receivable from shareholders, as seen in B Bops's 2021 financials, may raise questions about liquidity and the franchisor's reliance on related-party transactions.
It is also important to note that the financial statements include comparative data from previous years (2023, 2022 and 2021) to provide a basis for comparison with 2024. The FDD states that the data from prior years may not present all information necessary for a fair presentation in conformity with accounting principles generally accepted in the United States of America. A prospective franchisee should read the financial statements in conjunction with the company's financial statements for the years ended December 31, 2023, 2022, and 2021 from which the information was derived.
Prospective franchisees should consult with a financial advisor to fully understand the implications of B Bops's asset structure and overall financial condition. Analyzing trends in asset growth, the nature of assets, and any related liabilities will help in assessing the financial risk and potential rewards of investing in a B Bops franchise.