What was the total franchise revenue for Bft for the year ended December 31, 2023?
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 franchise revenue for the period from March 6, 2023 (date of inception) to December 31, 2023, was $521. This figure represents the total revenue Bft generated from its franchise operations during that initial partial year.
It is important to note that this amount covers a period of less than a full year, as Bft was established on March 6, 2023. Therefore, the $521 figure should not be considered representative of a typical full year's revenue. A prospective franchisee should consider this when evaluating the financial performance of Bft and compare it to the revenue for the year ended December 31, 2024, which was $160,877, to understand the growth trajectory of the franchise.
Furthermore, the FDD also lists other revenue streams, such as franchise marketing fund revenue and other service revenue, which were not present during the period from March 6, 2023, to December 31, 2023. These additional revenue streams contributed to the total revenue of $204,554 for the year ended December 31, 2024, indicating a more diversified revenue model as the franchise matured. A potential franchisee should investigate how these different revenue streams may evolve and contribute to their own studio's financial performance.
In addition to revenue, the FDD provides details on operating costs and expenses, including costs of franchise revenue, selling, general and administrative expenses, and marketing fund expenses. For the period from March 6, 2023, to December 31, 2023, the total operating costs and expenses amounted to $4,997, resulting in an operating loss of $4,476. Understanding these costs is crucial for a franchisee to assess the profitability and financial viability of a Bft franchise.