As of June 30, 2025, what were Belocal's total assets?

According to Belocal's 2025 Franchise Disclosure Document, the company's total assets as of June 30, 2025, were $12,178,026. This figure represents the sum of Belocal's current assets, which include cash and cash equivalents ($7,231,415), prepaid expenses ($727,353), prepaid taxes ($2,013), and amounts due from an affiliate ($4,217,245). Additionally, the total assets include a deferred tax asset, although the listed value is only '9'.

For a prospective franchisee, understanding the asset composition of Belocal provides insight into the company's financial health and liquidity. A significant portion of the assets is tied up in cash and receivables from an affiliate, which suggests the importance of the relationship with this affiliate (N2 Company, as noted elsewhere in the document) for Belocal's financial performance. The presence of a deferred tax asset, while small, indicates that Belocal may have certain tax benefits it can utilize in the future.

It is important to note that a substantial portion of Belocal's revenue comes from its affiliate, N2 Company. Specifically, sales services revenue from N2 Company amounted to $82,501,921 for the year ending June 30, 2025. Additionally, Belocal had $4,217,245 due from its affiliate as of the same date. This related-party dependency is a risk factor, as any disruption in the relationship with N2 Company could significantly impact Belocal's financial results. Prospective franchisees should carefully evaluate the stability and terms of this relationship as part of their due diligence.