What was the amount of Bft's non-current portion of deferred revenue as of December 31, 2024?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance at March 6, 2023 | $ — |
|---|---|
| Contract liabilities contributed by Member | 96,875 |
| Revenue recognized that was included in deferred | — |
| revenue at the beginning of the period | |
| Increase, excluding amounts recognized as revenue | |
| during the period | 24,363 |
| Balance at December 31, 2023 | 121,238 |
| Revenue recognized that was included in deferred | |
| revenue at the beginning of the year | (22,382) |
| Decrease in deferred revenue due to divestitures | (1,281) |
| Increase, excluding amounts recognized as revenue | |
| during the year | 8,334 |
| Balance at December 31, 2024 | $ 105,909 |
The following table illustrates estimated revenue expected to be recognized in the future related
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the non-current portion of deferred revenue as of December 31, 2024, was $96,064. This represents revenue that Bft has received but not yet earned as of that date, and which is not expected to be recognized within the next 12 months. Deferred revenue typically arises from franchise fees or other payments received upfront for services or products that will be delivered over time. The corresponding figure for the previous year, December 31, 2023, was $111,320. This indicates a decrease in the non-current portion of deferred revenue from 2023 to 2024.
For a prospective Bft franchisee, understanding deferred revenue is important because it reflects the financial obligations Bft has to its franchisees and customers. A higher deferred revenue balance could indicate strong future revenue recognition, while a decreasing balance might suggest changes in sales or service delivery patterns. The current portion of deferred revenue, which represents revenue expected to be recognized within the next year, was $9,845 as of December 31, 2024, compared to $9,918 the previous year.
It's also worth noting that the FDD includes a broader balance sheet that provides additional context. As of December 31, 2024, Bft's total assets were $150,390, and total liabilities were $111,249. Member's equity, representing the owner's stake in the company, was $39,141. These figures provide a more comprehensive view of Bft's financial position and should be considered alongside the deferred revenue figures when evaluating the franchise opportunity.
Prospective franchisees should review these figures carefully and discuss any questions or concerns with Bft's management team. Understanding the trends in deferred revenue, as well as the overall financial health of the company, is crucial for making an informed investment decision.