What were the total assets reported for Body20 as of the date of the provided balance sheet?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
d the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Sequel Brands Holdings, LLC's ability to continue as a
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, the balance sheet for Sequel Brands Holdings, LLC, which owns Body20 Franchisor LLC, reports total assets of $1,000,000 as of April 30, 2025. These assets are categorized as current assets, specifically cash. This balance sheet reflects the financial position of Sequel Brands Holdings, LLC, which was formed on April 8, 2025. The company received an initial equity contribution of $1,000,000 in cash.
It's important to note that Sequel Brands Holdings, LLC is the entity that owns Body20 Franchisor LLC, among other fitness franchise entities. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time, which in this case is April 30, 2025. The document also states that the company executed a binding guarantee of performance agreement with each of the franchisors to guarantee the duties and obligations of each franchisor.
For a prospective Body20 franchisee, this information provides insight into the financial structure of the parent company. Understanding the financial health of the franchisor can be crucial in assessing the stability and support that Body20 can provide to its franchisees. The franchisee should review the complete financial statements and consult with a financial advisor to fully understand the implications of these figures.