What was the net value of the website for Body Brain Center as of December 31, 2024?
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, while the financial statements of Body Brain Center are audited by ABC CPAs, the provided excerpts do not contain a specific valuation or net value for the website as an asset on the balance sheet as of December 31, 2024. The financial statements and related notes included in Exhibit K provide details on various aspects of Body Brain Center's financial performance and accounting policies. However, there is no explicit mention of the website's value.
Instead, the excerpts discuss related-party transactions, such as advertising fees paid to Body & Brain Yoga and Health Centers, Inc., software service agreements, operating lease agreements, and management service agreements, which include website development. For example, management services, which include website development, amounted to $18,000 for the year ended December 31, 2024. These expenses are related to the website but do not represent its net value as an asset.
To determine the net value of the website, a prospective Body Brain Center franchisee should ask the franchisor for a detailed breakdown of the assets listed on the balance sheet, specifically inquiring about the valuation method used for intangible assets like the website. Further due diligence would involve understanding how the website's value is determined and whether it is amortized or depreciated over time. This information is essential for assessing the overall financial health and asset composition of Body Brain Center.