What was the value of Best Brains' common stock as of December 31, 2022?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
| Particulars | Schedule No. | As at December 31, 2023 | As at December 31, 2022 |
|---|---|---|---|
| ASSETS | |||
| Current Assets Cash & cash equivalents | 1 | 262,049.67 | 154,275.10 |
| Inventory | _ | 417,347.00 | 289,840.00 |
| Trade Receivables | 2 | 2,038,407.38 | 1,549,975.79 |
| Other Current Assets Total Currrent Assets | 3 | 255,726.78 2,973,530.83 | 225,576.84 2,219,667.73 |
| Property and Equipment ,net of accumulated depreciation | 4 | 290,790.28 | 268,207.05 |
| Other Assets | 5 | 1,076,049.46 | 958,557.46 |
| Total Assets | 4,340,370.57 | 3,446,432.24 | |
| Current liabilities Accounts Payable Other Current Liabilities Deferred Franchise revenue-current Total Current Liabilities | 6 | 3,444,214.53 276,415.25 45,025.00 3,765,654.78 | 2,654,584.46 80,489.91 65,939.00 2,801,013.37 |
| Long term liabilities | 7 | ||
| Loans & Advances | • | 144,439.99 | 140,568.45 |
| Mortgages ,notes , bonds payable in 1 year or m | iore | 150,000.00 | 150,000.00 |
| Deferred Franchise revenue-long term Total Long Term Liabilities | 91,143.01 385,583.00 | 96,212.40 386,780.85 | |
| Total Liabilities | 4,151,237.78 | 3,187,794.22 | |
| Shareholder's Equity | |||
| Common Stock | 1,000.00 | 1,000.00 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, the value of the company's common stock as of December 31, 2022, was $1,000. This figure is explicitly listed under the 'Shareholder's Equity' section of the balance sheet, providing a clear snapshot of the company's equity structure at that specific point in time. This indicates the initial investment made by shareholders in the company.
For a prospective franchisee, this information provides insight into the financial structure of Best Brains. A low common stock value is typical for privately held companies and often reflects the initial capitalization. It is important to note that this value does not represent the overall valuation of the company, which is reflected in the total equity and assets.
When evaluating the financial health of Best Brains, potential franchisees should consider this figure in conjunction with other financial metrics, such as retained earnings, total equity, and overall liabilities. A comprehensive understanding of these elements will offer a more complete picture of the company's financial stability and growth potential. Reviewing these figures over several years, as presented in the FDD, can further reveal trends and patterns in Best Brains' financial performance.