What were the member contributions for Bft from March 6, 2023 (date of inception) to December 31, 2023?
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 income (loss) | $ 150,109 | $ (4,476) |
XPOF ASSETCO, LLC CONSOLIDATED STATEMENTS OF CHANGES TO MEMBER'S EQUITY (amounts in thousands)
| 2025 $ | 2,066 |
|---|---|
| 2026 | 2,066 |
| 2027 | 2,064 |
| 2028 | 2,012 |
| 2029 | 1,981 |
| Thereafter | 3,940 |
| Total $ | 14,129 |
XPOF ASSETCO, LLC CONSOLIDATED STATEMENTS OF CASH FLOWS (amounts in thousands)
| Year Ended December 31, 2024 | For the period March 6, 2023 (date of inception) to December 31, 2023 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | $ 150,109 | $ (4,476) |
| Adjustments to reconcile net income (loss) to net cash provided by op |
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, member contributions from March 6, 2023 (date of inception) to December 31, 2023, totaled $8,000. This figure represents the cash flows from financing activities during that period. Additionally, the member contributed assets and liabilities totaling $43,612 during the same period.
Specifically, the member's contributions included $8,000 in cash, $8,910 in property and equipment, and $90,812 in intangible assets as of March 15, 2023. A significant portion of the intangible assets consisted of trademarks related to Club Pilates, CycleBar, and Pure Barre brands. On December 31, 2023, the member also contributed deferred revenue and deferred costs related to franchise agreement contracts with customers, amounting to $96,875 and $40,765, respectively.
For a prospective franchisee, these figures provide insight into the financial structure and initial capitalization of Bft. The contributions from the member indicate the resources available to support the franchise system during its early stages. Understanding the nature and value of these contributions can help franchisees assess the financial stability and long-term viability of the Bft franchise.