What was the value of Auto Finance HEV under Long-term Liabilities for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Long-term Liabilities | |
|---|---|
| Ally Auto | |
| Auto Finance GMC | |
| Auto Finance HEV | 82,568.98 |
| Chase Auto Finance - REV | 60,687.75 |
| Chase-CTruck | 94,364.53 |
| Deferred Franchise Revenue - LongTerm | 402,161.01 |
| EIDL Loan | 150,000.00 |
| Finance Ford E-Transit Cargo | 29,163.68 |
| Finance Ford F150 | |
| Ford Motor Credit | |
| KIA Finance | |
| Wells Fargo Tesla | |
| Total for Long-term Liabilities | $818,945.95 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the value of Auto Finance HEV under Long-term Liabilities is $82,568.98. This figure represents the outstanding balance for Auto Finance HEV as of a specific date, which is likely the end of the fiscal year for which the financial statements were prepared.
For a prospective Best Brains franchisee, understanding the liabilities of the franchisor can provide insights into the financial health and stability of the company. Long-term liabilities, such as Auto Finance HEV, are debts that Best Brains is obligated to pay over a period longer than one year. This specific liability could be related to financing vehicles used in the operation of the Best Brains business.
It's important for potential franchisees to review the complete financial statements and notes to fully understand the nature and terms of all liabilities. Analyzing these figures in conjunction with assets and equity can offer a comprehensive view of Best Brains' financial position. Consulting with a financial advisor is recommended to assess the implications of these liabilities on the overall risk and opportunity associated with investing in a Best Brains franchise.