As of June 30, 2025, what were Belocal's total current assets?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | ||
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ | 7,231,415 |
| Prepaid expenses | 727,353 | |
| Prepaid taxes | 2,013 | |
| Due from affiliate | 4,217,245 | |
| Total current assets | 12,178,026 | |
| Deferred tax asset | 9 | |
| Total assets | $ | 12,178,026 |
Source: Item 23 — RECEIPTS (FDD pages 71–242)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, as of June 30, 2025, the company's total current assets were $12,178,026. This figure is comprised of several components, including cash and cash equivalents amounting to $7,231,415, prepaid expenses of $727,353, prepaid taxes of $2,013, and an amount due from an affiliate totaling $4,217,245.
Understanding the composition of current assets is crucial for prospective franchisees as it provides insight into Belocal's short-term financial health and liquidity. A significant portion of Belocal's current assets is tied up in cash and receivables from its affiliate, N2 Company. This related-party transaction is important for franchisees to note, as the financial relationship between Belocal and its affiliate could impact the stability and predictability of Belocal's revenue streams.
It is also important to note that the company's total assets as of June 30, 2025, are also listed as $12,178,026. This suggests that Belocal's current assets make up the entirety of its total assets. A prospective franchisee should investigate this further to understand the long-term asset holdings of Belocal and how they contribute to the overall financial picture of the company.