What was the net block value of Best Brains' furniture and equipment as of December 31, 2023?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
d Total- Fixed Assets
(in $) Gross Block Accumulated Depreciation Net Block Particulars As at As at As at As at As at As at Additions Deductions For the year Deductions Jan 1, 2023 Jan 1, 2023 Dec 31, 2023 Dec 31, 2023 Dec 31, 2023 Dec 31, 2022 Tangible assets Furniture and Equipment 520,946.43 263,874.70 257,071.73
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the net block value of furniture and equipment as of December 31, 2023, was $257,071.73. This figure represents the original cost of the furniture and equipment less any accumulated depreciation. The gross block value of furniture and equipment was $520,946.43, with accumulated depreciation of $263,874.70.
For a prospective Best Brains franchisee, this information provides insight into the value of tangible assets held by the company. Furniture and equipment are essential for operating a Best Brains learning center, and understanding their depreciated value can help franchisees assess the company's financial health and investment in these assets.
It's important to note that these figures reflect the financial position of Best Brains Inc. itself and not necessarily the investment required for a new franchise location. Franchisees will need to make their own investments in furniture, equipment, and leasehold improvements to establish their own centers. Reviewing these figures in conjunction with other financial disclosures can provide a more complete picture of the company's financial standing.