What was the total current assets for B Bops in 2021?
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 |
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 current assets in 2021 were $216,089. This figure represents the sum of B Bops' cash, franchise fee receivable, and receivable from a related party. The cash on hand was $170,478, the franchise fee receivable was $13,231, and the receivable from a related party totaled $32,380.
Understanding the composition of current assets is crucial for prospective franchisees. Current assets are those that can be converted into cash within a year, indicating the company's short-term financial health and liquidity. A higher value of current assets suggests that B Bops has sufficient resources to meet its immediate obligations.
For a potential franchisee, this information provides insight into the financial stability of B Bops. While reviewing this data, it's important to consider the trends over the years presented (2021-2024) to assess the consistency and growth of B Bops' current assets. A consistent increase in current assets may indicate effective financial management and growth, which can be a positive sign for franchisees considering investing in the B Bops brand.