What was the total change in balance for Bombs Away during the period ended December 31, 2023?

According to Bombs Away's 2024 Franchise Disclosure Document, the total change in balance for the period ended December 31, 2023, was a deficit of $118,882. This figure reflects the net effect of the company's net income and equity contributions/distributions during that period. The balance on December 31, 2022, was $50,000, and the balance on December 31, 2023, was a deficit of $68,882.

Specifically, Bombs Away experienced a net loss of $27,161 during the period. Additionally, equity contributions and distributions resulted in a decrease of $91,721. These two factors combined to produce the total change in balance of a deficit of $118,882.

For a prospective franchisee, this information is crucial as it provides insight into the financial performance and stability of Bombs Away. A significant decrease in balance, especially one resulting in a deficit, could indicate potential financial challenges or a need for careful financial management. It is important to note that this change in balance does not necessarily reflect the performance of individual franchise locations, but rather the overall financial position of the Bombs Away Franchising LLC.

Potential franchisees should further investigate the reasons behind the net loss and equity adjustments to fully understand the financial dynamics of Bombs Away. Understanding these factors will help franchisees assess the risks and opportunities associated with investing in a Bombs Away franchise.