How much did Brain Balance receive in payments on notes receivable in 2024?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| Years Ended December 31, 2024, 2023, and 2022 | |||
|---|---|---|---|
| Cash Flows from Investing Activities | |||
| Issuance of notes receivable | (61,946) | - | - |
| Purchases of website and software development assets | (52,423) | (146,179) | (41,022) |
| Payments on notes receivable | 31,221 | - | 20,000 |
| Net cash and restricted cash used in investing | |||
| activities | (83,148) | (146,179) | (21,022) |
Source: Item 23 — RECEIPTS (FDD pages 72–292)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the company received $31,221 in payments on notes receivable during the year 2024. This is part of the cash flow from investing activities. Notes receivable typically arise when Brain Balance provides financing to individuals or entities, often franchisees, and these payments represent the repayment of those loans.
For a prospective Brain Balance franchisee, this indicates that the company does engage in financing activities, potentially offering notes receivable to assist franchisees. Understanding the terms and conditions under which Brain Balance offers these notes is crucial. Franchisees should inquire about the interest rates, repayment schedules, and eligibility criteria associated with these notes receivable.
It's also important to note that the issuance of notes receivable resulted in a cash outflow of $61,946 for Brain Balance in 2024. This suggests that the company issued more in new notes than it received in payments during that year. This could be a strategy to support growth or franchisee financing, but it's essential to understand the overall financial implications and the risk associated with these notes. Reviewing the historical trends of notes receivable issuance and payments can provide further insights into Brain Balance's financial management and support for its franchisees.