What were the total liabilities and stockholder's equity 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 | $ | 216,089 |
| 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 liabilities and stockholder's equity as of December 31, 2024, was $802,329. This figure represents the sum of what B Bops owes to others (liabilities) and the value of the company belonging to its owners (stockholder's equity). This value is derived from the balance sheet, a standard financial statement summarizing a company's assets, liabilities, and equity at a specific point in time.
The liabilities section of B Bops's balance sheet includes accounts payable, which totaled $7,596 as of December 31, 2024. Accounts payable represents short-term obligations to suppliers and other creditors. The stockholder's equity section includes common stock valued at $1, additional paid-in capital of $149,999, and retained earnings of $644,733. Retained earnings represent the accumulated profits of the company that have not been distributed to shareholders as dividends.
For a prospective franchisee, understanding the total liabilities and stockholder's equity can provide insights into the financial stability and solvency of B Bops. A higher equity relative to liabilities generally indicates a stronger financial position. Reviewing these figures over several years, as presented in the balance sheet, can reveal trends in the company's financial health. It is important to note that this is just one aspect of financial due diligence, and prospective franchisees should consult with a financial advisor to fully assess the financial risks and opportunities associated with investing in a B Bops franchise.
It is also important to note that the financial statements were audited by an independent auditor, and their report is included in the FDD. This audit provides an additional level of assurance regarding the accuracy and reliability of the financial information presented. The auditor's opinion states that the financial statements present fairly, in all material respects, the financial position of B Bops as of December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.