What was the total balance for B Bops at December 31, 2023?
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 | $ | 491,933 |
| Net Income | $ | $ | $ 141,943 | $ | 141,943 | |
| Balance at December 31, 2023 | $ | 1 | $ 149,999 | $ 483,876 | $ | 633 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 52–53)
What This Means (2025 FDD)
According to B Bops' 2025 Franchise Disclosure Document, the total balance at December 31, 2023, was $633,876. This figure represents the sum of capital stock, additional paid-in capital, and retained earnings at that date. The capital stock was $1, the additional paid-in capital was $149,999, and the retained earnings were $483,876.
This balance reflects the cumulative financial performance of B Bops up to the end of 2023. It indicates the net assets of the company, which is the difference between its assets and liabilities. For a prospective franchisee, this number provides insight into the financial stability and overall value of the B Bops organization.
The increase in the total balance from the previous year is due to net income. Net income for 2023 was $141,943, which contributed to the growth of retained earnings and, consequently, the total balance. Understanding these figures can help a potential franchisee assess the financial health and growth trajectory of B Bops.