What were the total assets for B Bops in 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 | $ | 216,089 |
| 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 2023 were $633,876. This figure represents the sum of B Bops's current assets, fixed assets, and other non-current assets at the end of the 2023 fiscal year. Current assets include cash ($467,403) and franchise fees receivable ($14,761). Non-current assets consist of intangibles ($37,700), accumulated amortization ($18,326), and a note receivable from a shareholder ($132,338).
For a prospective franchisee, understanding the asset composition of B Bops can provide insights 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 and whether they are liquid or tied up in long-term investments.
It's worth noting that the FDD also includes comparative data from 2021, 2022, and 2024, allowing potential franchisees to assess the trend in B Bops's asset growth over time. Analyzing these trends can help in evaluating the franchisor's performance and future prospects. Additionally, the document provides details on liabilities and equity, which, along with the asset information, can give a comprehensive view of B Bops's financial structure.
Prospective franchisees should review these figures carefully and consider seeking professional financial advice to fully understand the implications of B Bops's asset base and overall financial condition. Understanding the franchisor's financial stability is a crucial step in evaluating the risks and opportunities associated with investing in a B Bops franchise.