What was the total equity for Brightstar Care on January 2, 2022?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ar Franchising, LLC | $ | 19,688,834 | $ | 14,447,218 |
Consolidated Statements of Member's Equity
| BrightStar Franchising, LLC Member's Equity | Non-Controlling Interest | Total Equity |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the total equity on January 2, 2022, was $28,487,232. This figure represents the sum of BrightStar Franchising, LLC Member's Equity, which was $40,485,629, and a Non-Controlling Interest of $(11,998,397).
Total equity is a key financial metric that reflects the net worth of Brightstar Care at a specific point in time. It's calculated by subtracting total liabilities from total assets, offering a snapshot of the company's financial health. For prospective franchisees, this number provides insight into the financial stability of the franchisor.
The FDD also shows how Brightstar Care's equity changed over time. For example, between January 2, 2022, and January 1, 2023, the total equity decreased to $22,425,708. This change was influenced by factors such as dividend distributions and net income or loss. Monitoring these trends can help potential franchisees understand the factors impacting the franchisor's financial performance.
It is important to note that the financial statements are consolidated, meaning they include the financial results of Brightstar Franchising, LLC and its subsidiaries. A prospective franchisee should review the complete financial statements and consult with a financial advisor to fully understand the implications of these figures.