What was the total assets for B Bops as of December 31, 2022?
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 | $ | 361,436 |
| Current Liabilities | ||||||||
| Accounts Payable | $ | 7,596 | $ | _ | $ | 487 | $ | _ |
| Accounts Payable - Affiliate | - | - | , | 20,608 | , | 20,608 | ||
| Total Current Liabilities | $ | 7,596 | $ | $ | 21,095 | $ | 20,608 | |
| Total Liabilities | $ | 7,596 | $ | $ | 21,095 | $ | 20,608 | |
| Stockholder's Equity | ||||||||
| Common Stock | $ | 1 | $ | 1 | $ | 1 | $ | 1 |
| Additional Paid-in Capital | 149,999 | 149,999 | 149,999 | · | 149,999 | |||
| Retained Earnings | 644,733 | 483,876 | 341,933 | 190,828 | ||||
| Total Stockholder's Equity | $ | 794,733 | $ | 633,876 | $ | 491,933 | $ | 340,828 |
| Total Liabilities and Stockholder's Equity | $ | 802,329 | $ | 633,876 | $ | 513,028 | $ | 361 |
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 assets as of December 31, 2022, were $513,028. This figure represents the sum of B Bops' current assets, fixed assets, and other non-current assets at that specific point in time. Current assets include cash ($351,509) and franchise fees receivable ($13,029). Fixed assets are comprised of intangibles ($37,700) less accumulated amortization ($18,326), totaling $19,374. Other non-current assets consist of a note receivable from a shareholder, amounting to $129,116.
For a prospective franchisee, understanding the asset composition of B Bops provides insight into the financial health and structure of the company. A significant portion of the assets is held in cash, which could indicate strong liquidity. The presence of a note receivable from a shareholder suggests related-party transactions, which require careful scrutiny to ensure they are conducted at arm's length and do not pose a risk to the company's financial stability. The level of total assets can be indicative of the scale of operations and the resources available to support franchisees.
It is important to note that these figures are based on financial statements prepared in accordance with generally accepted accounting principles (GAAP) and have been audited by an independent accounting firm. The auditor's report expresses an unmodified opinion, indicating that the financial statements present fairly the financial position of B Bops. However, prospective franchisees should conduct their own due diligence and consult with financial advisors to fully understand the implications of these financial statements and assess the financial risks and opportunities associated with investing in a B Bops franchise.