What was the total for current liabilities for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| DISTRIBUTION ACCOUNT | TOTAL |
|---|---|
| Total for Other Current Liabilities | $308,759.83 |
| Total for Current Liabilities | $4,811,427.46 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the total for current liabilities is $4,811,427.46. This figure represents the sum of all obligations due within a year, including accounts payable, credit card balances, accrued liabilities, and deferred revenue.
For a prospective Best Brains franchisee, understanding the current liabilities is crucial for assessing the company's short-term financial health. A high level of current liabilities relative to current assets could indicate liquidity issues, meaning Best Brains may struggle to meet its immediate obligations.
It is important to note that this figure is a snapshot in time and can fluctuate. Franchisees should analyze trends in Best Brains' liabilities over several periods to gain a more comprehensive understanding of the company's financial stability. Additionally, prospective franchisees should compare these figures to industry benchmarks to assess whether Best Brains' liabilities are in line with similar franchise systems.