What were the total current assets for B Bops as of December 31, 2024?
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's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2024, were $588,038. This figure is comprised of cash totaling $542,855 and franchise fees receivable amounting to $45,183. Current assets are those that B Bops expects to convert to cash within one year. These assets are essential for covering short-term liabilities and funding the company's ongoing operations.
For a prospective B Bops franchisee, understanding the franchisor's current asset position is crucial. A healthy level of current assets indicates that B Bops has sufficient liquidity to meet its immediate obligations and invest in supporting its franchisees. This can translate into better resources for training, marketing, and operational support, which are all vital for a franchisee's success.
It's also worth noting that the FDD includes comparative data from previous years. B Bops's total current assets were $482,164 in 2023, $364,538 in 2022 and $216,089 in 2021. Reviewing these trends can provide further insight into the financial stability and growth trajectory of B Bops, helping potential franchisees make informed decisions.