What was the total member's equity for Body Brain Center in 2022?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
I am unable to provide the exact figure for the total member's equity for Body Brain Center in 2022, as the provided excerpts from the 2025 Franchise Disclosure Document do not contain this specific financial data. While the excerpts include independent auditor's reports and notes to the financial statements for 2022, they do not explicitly state the total member's equity.
However, the FDD excerpts do indicate that the financial statements, which would include the balance sheet and statement of changes in member's equity, were audited by independent auditors. These statements would typically contain the member's equity figure. The auditor's report confirms that they audited the financial statements of Body Brain Center, LLC, which comprise the balance sheet as of December 31, 2022, and the related statement of income and changes in member's equity.
A prospective Body Brain Center franchisee should request a complete copy of the audited financial statements for 2022 from the franchisor. This will provide a clear understanding of the company's financial position, including the total member's equity, and allow for a more informed investment decision. Reviewing these statements with a financial advisor is also recommended.