What was the total fixed assets (net) for Best Brains as of December 31, 2023?
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 company's total fixed assets (net) as of December 31, 2023, were $246,490. This figure represents the value of Best Brains' fixed assets after accounting for accumulated depreciation. Fixed assets typically include items such as buildings, equipment, furniture, and vehicles that the company uses in its operations and are expected to provide benefits for more than one accounting period. Accumulated depreciation is the cumulative amount of depreciation expense that has been recognized for these assets over their useful lives.
For a prospective Best Brains franchisee, this information provides insight into the company's investment in its physical assets. A higher net fixed asset value might indicate a greater investment in infrastructure and resources to support the franchise system. However, it is essential to consider this figure in conjunction with other financial metrics to assess the company's overall financial health and efficiency in utilizing its assets.
It's also worth noting that the FDD includes a schedule of fixed assets that provides a more detailed breakdown of the gross block, additions, deletions, and accumulated depreciation for various categories of tangible assets, such as furniture and equipment, vehicles, and buildings. Reviewing this schedule can offer a more granular understanding of the composition of Best Brains' fixed assets and how they have changed over time. This level of detail can help a potential franchisee evaluate how Best Brains manages its resources and invests in its operational infrastructure.