What was the gross block for Best Brains as of December 31, 2024?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
for franchise fees and royalties. The Policy for determining when receivables are past due, or delinquent is based on how recently payments have been received and past history of collections.
NOTES TO FINANCIAL STATEMENTS
Property/Equipment and Software Development costs
Property and equipment are stated at cost. For financial reporting purposes, depreciation is provided on the Straight-line/Decli
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the gross block as of December 31, 2024, was $589,048. The FDD also provides a comparative figure for the previous year, December 31, 2023, which was $525,446.
The gross block represents the historical cost of Best Brains' fixed assets before accounting for accumulated depreciation. This number indicates the total investment in assets like property, equipment, and software that the company uses to operate its business.
For a potential franchisee, understanding the gross block and the net fixed assets (which account for depreciation) can provide insights into the capital intensity of the business and how Best Brains manages its assets. The increase in gross block from 2023 to 2024 suggests that Best Brains has been investing in additional assets. Reviewing these figures over several years, if available, would give a better sense of investment trends.
It's important to note that these figures reflect the financial position of the franchisor, Best Brains Inc., and not the financial performance of individual franchise locations. However, understanding the franchisor's financial health is crucial for prospective franchisees, as it can impact the level of support and resources the franchisor can provide.