What was the amount of cash and cash equivalents for Best In Class Education Center in 2023?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
--------------|----|-------------------------------| | Balance At February 10, 2023 | 10,000,000 | $ | $ | 14 | $ | - 4 | $ | | | Net income (loss) | | - 3 | | | | (21,271) | - | (21,271) | | Stockholders' contributions | | 10- | . 9 | 100,000 | | the split | | 100,000 | | Balance At December 31, 2023 | 10,000,000 | $ | $ : | 100,000 | $ | (21,271) | $ | 78,729 | | Net income (loss) | | - | - | × : | +- | 7,752 | | 7,752 | | Balance At December 31, 2024 | 10,000,000 | $ | $ : | 100,000 | $ | (13,519) | $ | 86,481 |
BIC Franchise System Corporation Statements of Cash Flows
Year Ended December 3
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to Best In Class Education Center's 2025 Franchise Disclosure Document, specific figures for cash and cash equivalents are not provided within the excerpts. However, the document does include cash flow information. For the year 2023, Best In Class Education Center had a net income of $(21,271). There were also adjustments to reconcile net income to net cash, including deferred (income)/expenses taxes of $(8,668). Changes in operating assets and liabilities include accounts receivable of $(18,219), due from related parties of $15, and accounts payable of $6,878.
Prospective franchisees should note that while the FDD excerpts provide some insight into the financial activities of Best In Class Education Center, the absence of a specific cash and cash equivalents figure requires further investigation. Understanding the cash position of a franchise is crucial for assessing its financial stability and ability to meet short-term obligations.
To gain a clearer picture, it is advisable for potential franchisees to request the full financial statements from Best In Class Education Center. This will allow for a comprehensive review of the company's assets, liabilities, and overall financial health. Specifically, franchisees should inquire about the cash and cash equivalents balance, as well as any factors that may have significantly impacted cash flow during that period. This due diligence is essential for making an informed investment decision.