What were the total fixed assets for B Bops as of December 31, 2023?
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 | $ | 216,089 |
| Fixed Assets | ||||||||
| Intangibles | $ | 37,700 | $ | 37,700 | $ | 37,700 | $ | 37,700 |
| Accumulated amortization | (18,326) | (18,326) | (18,326) | (18,326) | ||||
| Total Fixed Assets | $ | 19,374 | $ | 19,374 | $ | 19,374 | $ | 19,374 |
| Other Non-Current Assets | ||||||||
| Note Receivable - Shareholder | $ | 194,917 | $ | 132,338 | $ | 129,116 | $ | 125,973 |
| Total Other Non-Current Assets | $ | 194,917 | $ | 132,338 | $ | 129,116 | $ | 125,973 |
| Total Assets | $ Liabili | 802,329 ties and Stock | $ holder | 633,876 s Equity | $ | 513,028 | $ | 361,436 |
| Current Liabilities | ||||||||
| Accounts Payable | $ | 7,596 | $ | _ | $ | 487 | $ | _ |
| Accounts Payable - Affiliate | - | - | , | 20,608 | , | 20,608 | ||
| Total Current Liabilities | $ | 7,596 | $ | $ | 21,095 | $ | 20,608 | |
| Total Liabilities | $ | 7,596 | $ | $ | 21,095 | $ | 20,608 | |
| Stockholder's Equity | ||||||||
| Common Stock | $ | 1 | $ | 1 | $ | 1 | $ | 1 |
| Additional Paid-in Capital | 149,999 | 149,999 | 149,999 | · | 149,999 | |||
| Retained Earnings | 644,733 | 483,876 | 341,933 | 190,828 | ||||
| Total Stockholder's Equity | $ | 794,733 | $ | 633,876 | $ | 491,933 | $ | 340,828 |
| Total Liabilities and Stockholder's Equity | $ | 802,329 | $ | 633,876 | $ | 513,028 | $ | 361 |
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 fixed assets as of December 31, 2023, were $19,374. This figure is derived from the balance sheet, which provides a snapshot of the company's assets, liabilities, and equity at a specific point in time. Fixed assets typically include items like property, plant, and equipment that are expected to be used for more than one year. In B Bops's case, the fixed assets consist of intangibles less accumulated amortization. The value of intangibles was listed as $37,700 with accumulated amortization of ($18,326).
For a prospective franchisee, understanding the franchisor's asset base can provide insights into the financial stability and investment in the brand. A higher value of fixed assets might indicate a greater investment in infrastructure and long-term resources. However, it's also important to consider the nature of these assets and how they contribute to the franchisor's ability to support its franchisees. In this case, the fixed assets are comprised of intangibles, which may include items like trademarks, patents, or franchise rights.
The consistent value of total fixed assets, intangibles, and accumulated amortization from 2021 through 2024 suggests that there have been no significant changes in these assets during this period. This could indicate a stable asset base, but it's essential to inquire about the nature of these intangible assets and how they benefit franchisees. For example, understanding the strength and protection of B Bops's trademarks could be crucial for a franchisee's brand recognition and market positioning.
Overall, while the total fixed assets figure provides a basic understanding of B Bops's asset base, further investigation into the specific types of assets and their relevance to the franchise system is recommended for potential franchisees. This includes assessing the value and protection of intangible assets, as well as understanding how these assets contribute to the franchisor's support and the franchisee's success.