What was the total balance for B Bops at December 31, 2021?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
2021
| Balance at January 1, 2021 | Capit | tal Stock - | dditional d-in Capital 149,999 | Retained Earnings 148,950 | Ś | Total 298,950 |
|---|---|---|---|---|---|---|
| Net Income | $ | $ /81 | $ 41,878 | $ | 41,878 | |
| Balance at December 31, 2021 | $ | 1 | $ 149,999 | $ 190,828 | $ | 340,828 |
| Net Income | $ | $ | $ 151,105 | $ | 151 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, the total balance at December 31, 2021, was $340,828. This figure represents the sum of the capital stock and additional paid-in capital, which was $149,999, and the retained earnings, which amounted to $190,828.
This balance reflects the overall financial position of B Bops at the end of 2021, indicating the net worth of the company at that time. It's a snapshot of the company's assets minus its liabilities, essentially showing what would remain if all assets were liquidated and all debts paid off. For a prospective franchisee, this provides insight into the financial health and stability of the franchisor at that point in time.
It's important to note that this balance is just one point in time and should be considered alongside other financial data, such as income statements and cash flow statements, to get a comprehensive understanding of B Bops's financial performance. Reviewing trends over several years, as presented in the provided table, offers a more complete picture of the company's financial trajectory.