What was the net property and equipment value for Brain Balance in 2024?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
| Property and equipment are summarized as follows: | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| Office equipment | $96,097 $ | 96,097 $ | 96,097 | |
| Computer equipment and software | 4,570 | 4,570 | 4,570 | |
| Total cost | 100,667 | 100,667 | 100,667 | |
| Accumulated depreciation | 100,667 | 100,667 | 97,352 | |
| Net property and equipment | $ | - $ | - $ | 3,315 |
Source: Item 23 — RECEIPTS (FDD pages 72–292)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the net property and equipment value for the company in 2024 was $0. This is based on the total cost of office equipment and computer equipment and software, which amounted to $100,667, and the accumulated depreciation, which also totaled $100,667 as of December 31, 2024.
For a prospective franchisee, this indicates that Brain Balance's corporate-owned property and equipment were fully depreciated in 2024. This could mean that the company either did not invest in new equipment or that the existing equipment had reached the end of its useful life for accounting purposes.
It is important to note that this figure reflects the franchisor's assets, not those of individual franchise locations. Franchisees will need to invest in their own property and equipment to operate a Brain Balance center. Reviewing this information can help potential franchisees understand the financial management and capital investment strategies of Brain Balance.