What was the balance at the beginning of 2023 for Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| 2023 | 2022 | |
|---|---|---|
| REVENUE: | ||
| Franchise fees | $ 844,819 | $ 388,798 |
| Vending income | 1,205 | 839 |
| Other income | 1,900 | 310 |
| TOTAL REVENUE | 847,924 | 389,947 |
| EXPENSES: | ||
| Accounting | 19,737 | 19,415 |
| Advertising & marketing | 1,229 | 3,212 |
| Amortization expense | 14,656 | 6,107 |
| Auto expense | 541 | ===- |
| Bank service charges | 813 | 379 |
| Bookkeeping | 33,274 | - |
| Business licenses & permits | 2,280 | 177 |
| Computer & internet | 2,482 | 1,144 |
| Consulting | 153,520 | _ |
| Dues & subcriptions | . 373 | 1,041 |
| Vending food purchases | - | 827 |
| Management fees | 486,000 | 96,000 |
| Meals & entertainment | 595 | - |
| Insurance expense | 6,312 | _ |
| Interest | ||
| 91 | 117 | |
| Legal | 26,244 | 7,920 |
| Outside services | ||
| 126,166 | 109,190 | |
| Office expenses | . 346 | - |
| Rent | ||
| Research & development | 13,280 | 5,676 |
| Travel | 2,500 | - |
| Telephone | 500 | - - 077 |
| rerebuone | 13,850 | 6,077 |
| TOTAL EXPENSES | 904,789 | 257,282 |
| INCOME FROM OPERATIONS | ( 56,865) | 132,665 |
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the balance at the beginning of 2023 was $170,724. This figure represents the company's financial position at the start of the year, before any income, expenses, or distributions were accounted for during 2023.
For a prospective franchisee, understanding the beginning balance of a fiscal year provides a baseline for assessing the financial health and performance of Bevaris Alliance. It allows them to see how the company's financial standing evolved over the course of the year, especially when compared to the balance at the end of the year.
It's also important to note the other financial activities that occurred during the year, such as capital contributions, shareholder distributions, and net income or loss, as these factors contribute to the overall financial picture of Bevaris Alliance. Reviewing these figures in conjunction with the beginning balance offers a more comprehensive understanding of the company's financial management and stability.