What was the total amount of prepaid taxes for Belocal as of June 30, 2025?
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 |
Source: Item 23 — RECEIPTS (FDD pages 71–242)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the company had $2,013 in prepaid taxes as of June 30, 2025. This figure is listed as part of the company's current assets. Prepaid taxes represent payments made to tax authorities in advance of when they are due.
For a prospective Belocal franchisee, this detail provides a snapshot of the company's financial health and its approach to tax management. While the amount itself is relatively small, it indicates that Belocal is current on its tax obligations. This can be a sign of responsible financial management, which is reassuring for potential investors.
It's important to note that prepaid taxes can fluctuate depending on the timing of payments and the company's overall tax strategy. Franchisees should consider this figure in the context of Belocal's broader financial statements and consult with a financial advisor to fully understand its implications.