What was the total amount of prepaid expenses for Brightstar Care as of December 29, 2024?

According to Brightstar Care's 2025 Franchise Disclosure Document, the total prepaid expenses as of December 29, 2024, were $1,711,449. Prepaid expenses are payments made in advance for goods or services that will be received in the future. These are considered assets on the balance sheet because they represent future economic benefits for Brightstar Care.

The prepaid expenses are broken down into three categories: prepaid broker, professional, and travel fees, prepaid insurance, and prepaid deposits. As of December 29, 2024, the prepaid broker, professional, and travel fees amounted to $581,449, prepaid insurance was $202,170, and prepaid deposits totaled $927,830. These figures provide a snapshot of the company's advance payments for various services and obligations.

For a prospective Brightstar Care franchisee, understanding these prepaid expenses is important for assessing the company's financial health and operational practices. Prepaid expenses can impact the cash flow and profitability of the business, as these are expenses paid upfront that will be recognized over time. Monitoring these expenses can help in financial planning and budgeting.