What was the net income (loss) for Bft for the year ended December 31, 2024?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 8,593 | $ 8,000 |
| Accounts receivable, net | 5,874 | 8 |
| Prepaid expenses and other current assets | 136 | — |
| Deferred costs, current portion | 3,906 | 4,065 |
| Total current assets | 18,509 | 12,073 |
| Property and equipment, net | 7,898 | 11,102 |
| Intangible assets, net | 86,485 | 88,881 |
| Deferred costs, net of current portion | 36,935 | 45,350 |
| Other assets | 563 | — |
| Total assets | $ 150,390 | $ 157,406 |
| Liabilities and Member's equity | ||
| Current Liabilities: | ||
| Accrued expenses | $ 877 | 722 |
| Deferred revenue, current portion | 14,307 | 9,918 |
| Total current liabilities | 15,184 | 10,640 |
| Deferred revenue, net of current portion | 96,065 | 111,320 |
| Total liabilities | 111,249 | 121,960 |
| Commitments and contingencies (Note 9) | ||
| Member's equity: | ||
| Member contribution | 48,542 | 51,612 |
| Advances to Member, net (Note 7) | (155,034) | (11,690) |
| Retained earnings (accumulated deficit) | 145,633 | (4,47 |
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, the net income for the year ended December 31, 2024, was $150,109. This figure represents the company's profitability after accounting for all revenues, operating costs, and expenses during that period. This indicates a positive financial performance for Bft during the specified year.
It's important to note that while the net income provides a snapshot of Bft's financial health, prospective franchisees should consider this figure in conjunction with other financial data provided in the FDD, such as revenue, expenses, and cash flow statements. A thorough review of these financial statements can provide a more comprehensive understanding of Bft's financial stability and performance trends.
Furthermore, potential franchisees should investigate the factors contributing to Bft's net income, such as revenue streams, cost management strategies, and any one-time events that may have influenced the results. Understanding these underlying factors can help franchisees assess the sustainability of Bft's profitability and make informed decisions about investing in the franchise.