What was the total balance for B Bops at December 31, 2022?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | $ | 151,105 | |
| Balance at December 31, 2022 | $ | 1 | $ 149,999 | $ 341,933 | $ | 491 |
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, 2022, was $491,933. This figure represents the sum of capital stock, additional paid-in capital, and retained earnings at that date. The capital stock and additional paid-in capital remained constant at $1 and $149,999, respectively. The retained earnings amounted to $341,933.
This information is derived from the Statement of Stockholder's Equity, which provides a year-by-year breakdown of the changes in equity accounts. For prospective franchisees, this balance sheet data offers insights into the financial stability and overall equity position of B Bops. Reviewing these figures over several years can reveal trends in profitability and how retained earnings contribute to the company's net worth.
It's important to note that these figures reflect the financial position of B Bops Franchising Corporation itself and not the performance of individual franchise locations. Franchisees should focus on understanding how the franchisor manages its finances, as this can impact the support and services provided to franchisees. The balance sheet data, in conjunction with other financial statements, provides a comprehensive view of the franchisor's financial health.