What was the loss from disposal of assets for Bft for the year ended December 31, 2024?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
--------------------------------|---------------------------------|--------------------------------------------------------------------------------| | Revenue, net: | | | | Franchise revenue | $ 160,877 | $ 521 | | Franchise marketing fund revenue | 31,888 | — | | Other service revenue | 11,789 | — | | Total revenue, net | 204,554 | 521 | | Operating costs and expenses: | | | | Costs of franchise revenue | 19,596 | 221 | | Selling, general and administrative expenses | 45 | — | | Impairment of assets | 2,485 | 180 | | Depreciation and amortization | 6,605 | 4,596 | | Marketing fund expense | 25,714 | — | | Total operating costs and expenses | 54,445 | 4,997 | | Operating income (loss) | 150,109 | (4,476) | | Net
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the loss from the disposal of assets for the year ended December 31, 2024, was $232. This figure is part of the adjustments made to reconcile net income (loss) to net cash provided by operating activities.
For a prospective franchisee, this indicates that Bft did experience some loss due to the disposal of assets during this period. While the amount itself may not be substantial, it's a factor contributing to the overall financial activities of the company. It's important to note that this is a non-cash item, meaning it doesn't directly impact the company's cash flow but reflects an accounting adjustment due to the removal of assets from the balance sheet.
Franchisees should consider this information in the context of Bft's broader financial performance. Understanding the reasons behind asset disposals and their impact on the company's financial statements can provide a more comprehensive view of the company's operational efficiency and financial health. It is also worth noting that there was no loss from disposal of assets for the period from March 6, 2023 (date of inception) to December 31, 2023.