What was the total value of Best Brains' fixed assets as of December 31, 2024?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
tances, but not for the purpose of expressing an opinion on the effectiveness of Best Brains Inc's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events considered in the aggregate that raise substantial doubt about Best Brains Inc's ability to continue as a going concern for a reasonable period of time
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain intern
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the total value of their fixed assets as of December 31, 2024, was $496,714. This figure is calculated after deducting accumulated depreciation from the gross fixed assets. The fixed assets include building and equipment valued at $160,000, furniture and fixtures at $121,927, and vehicles at $545,919. The accumulated depreciation was ($331,132).
For a prospective franchisee, understanding the fixed assets of Best Brains provides insight into the tangible resources the company owns and utilizes in its operations. These assets are essential for running the business and generating revenue. The depreciation amount reflects the wear and tear on these assets over time, which is a normal accounting practice.
It's important to note that these figures are part of Best Brains' overall financial statements, which should be reviewed carefully to understand the company's financial health and stability. Franchisees should consider these figures in conjunction with other financial data, such as liabilities, revenues, and expenses, to get a comprehensive view of the company's financial position.