What was the net cash provided by (used in) operating activities for Body Brain Center in 2023?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
3435 Wilshire Blvd. Suite 600 Los Angeles, CA 90010 T +1 213 738 6000 F +1 213 738 6062
INDEPENDENT AUDITORS' REPORT
To the Members BODY AND BRAIN CENTER, LLC
Opinion
We have audited the financial statements of Body and Brain Center, LLC (the "Company") (an Arizona limited liability company and wholly owned subsidiary of Body & Brain Yoga and Health Centers, Inc.), which comprise the balance sheet as of December 31, 2023 and 2022, and the related statement of income and changes in member's equity, and cash flows for the year then ended, and the related notes to the financial statements. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Body and Brain Center, LLC as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounts principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events considered in the aggregate that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
I am unable to provide the net cash provided by (used in) operating activities for Body Brain Center in 2023, as this information is not present in the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts contain financial statements and related notes, but do not include a specific line item detailing net cash flow from operating activities.
While the excerpts do include an Independent Auditor's Report and various notes to the financial statements, such as related party transactions, licensing agreements, and accounting policies, these do not provide the specific cash flow information requested. The auditor's report confirms that the financial statements present fairly the company's financial position and cash flows, but it does not disclose the actual cash flow figures.
A prospective Body Brain Center franchisee should request the complete financial statements, including the statement of cash flows, from the franchisor. This document will provide a detailed breakdown of cash inflows and outflows from operating, investing, and financing activities, allowing the franchisee to assess the company's financial health and stability. Specifically, the franchisee should look for the 'Net cash provided by (used in) operating activities' line item to understand the cash generated or used by the company's core business operations.