What was the total revenue for Best In Class Education Center in 2024?
Best_In_Class_Education_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
to be cash equivalents. As of December 31, 2024 and 2023, the Company had approximately $4,056 and $58,720 respectively in cash in its bank accounts.
4. ACCOUNTS RECEIVABLE
As of December 31, 2024 and 2023 accounts receivable consisted of the following:
| Royalty receivable | $ | 15,521 | $ 13,219 |
|---|---|---|---|
| Initial franchise fees receivable | 30,000 | ||
| Transfer fee receivable | 26,000 | 5,000 | |
| Other franchise-related fees receivable | 10,594 | - | |
| Brand fund income receivable | 2,629 | ||
| Total Accounts Receivable | $ | 84,744 | $ 18,219 |
5. RELATED PARTY TRANSACTIONS
BIC Franchise System Corporation and Best in Class Education, LLC are affiliated entities under common ownership. As of December 31, 2024, and 2023, the Compan
Source: Item 23 — RECEIPT (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Best In Class Education Center Franchise Disclosure Document, the document does not explicitly state the total revenue for Best In Class Education Center in 2024. However, it does mention related party transactions. As of December 31, 2024, the company had outstanding receivables from its affiliate amounting to $14,527, representing shared revenue collected on behalf of BIC Franchise System Corporation. Additionally, the company had outstanding receivables from its owners amounting to $24,358. The company also had a balance due to Lam's Tutoring Service, Inc. of $12,747 as of the same date.
These figures reflect financial interactions between Best In Class Education Center and related entities, but they do not represent the overall revenue of the company. A prospective franchisee should request detailed financial statements from Best In Class Education Center to fully understand the revenue streams, profitability, and overall financial health of the company. Understanding the complete financial picture is crucial for making an informed investment decision.
It is important to note that the FDD includes transaction details with affiliated parties, which suggests interconnected financial relationships. While these related-party transactions offer some insight into the financial dealings of Best In Class Education Center, they do not provide a comprehensive view of the company's total revenue. Therefore, further inquiry into the franchisor's complete financial performance is necessary for any potential franchisee.