What was the total amount of prepaid expenses received by Brightstar Care in 2022?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2023 | |
|---|---|---|
| Prepaid broker, professional, and travel fees | $855,010 | $604,039 |
| Prepaid insurance | 207,355 | 255,071 |
| Prepaid deposits | 720,195 | 29,181 |
| Total Prepaid Expenses | $1,782,560 | $888,291 |
Source: Item 23 — RECEIPTS (FDD pages 118–387)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the information regarding prepaid expenses is detailed in Item 23, Receipts. The document provides a breakdown of prepaid expenses for specific categories, offering insight into how Brightstar Care manages its financial obligations.
Specifically, the FDD lists the total prepaid expenses for the fiscal year ended December 31, 2023. The total prepaid expenses for 2023 were $1,782,560. The FDD also lists the total prepaid expenses for the fiscal year ended December 29, 2024, which totaled $888,291.
However, the Brightstar Care FDD does not include the total amount of prepaid expenses for 2022. For a prospective franchisee, this information would be useful in comparing year-over-year financial data and understanding trends in Brightstar Care's expense management. It is important to note that prepaid expenses are assets, representing payments made in advance for goods or services to be received in the future.
To gain a clearer picture, a potential Brightstar Care franchisee should ask the franchisor directly for the specific prepaid expenses figure for 2022. This inquiry would provide a more complete historical financial analysis.