What was the net value of Body Brain Center's website in 2023?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
cember 31, 2024 and 2023, respectively.
Operating Lease Agreements
The Company has a premises use agreement with Body & Brain Yoga and Health Centers, Inc. The term of this agreement shall be month-to-month or until terminated as provided under this agreement. Under the terms of this agreemen
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements for Body & Brain Center, LLC do not explicitly state the net value of the website for 2023. However, the document does mention expenses related to website development under 'Management Services Agreements'.
Specifically, the FDD indicates that Body & Brain Center pays its sole member for management services, which include website development. The total expenses for these management services amounted to $18,000 for the year ended December 31, 2023. This figure represents the total cost of management services, not specifically the value of the website itself.
To determine the net value of the website, a prospective franchisee should ask Body Brain Center for a detailed breakdown of the assets, including any recorded value of the website and how it is amortized or depreciated. Further due diligence would be required to assess the website's actual worth and its contribution to the franchise's operations.