What was the total value of Brightstar Care's total assets as of December 29, 2024?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
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Consolidated Financial Statements
Consolidated Balance Sheets
| December 29, 2024 | December 31, 2023 | ||
|---|---|---|---|
| Assets | |||
| Current Assets | $ | 2,447,666 | $ 267,218 |
| Cash and cash equivalents | |||
| Accounts receivable, net of allowances for credit losses | |||
| of $773,024 and $213,282, respectively | 6,195,961 | 5,986,114 | |
| Prepaid expenses | 1,711,449 | 1,782,560 | |
| Other current assets | 148,277 | 435,628 | |
| Total Current Assets | 10,503,353 | 8,471,520 | |
| Property and Equipment, Net | 9,212,844 | 8,551,823 | |
| Other Long-Term Assets Operating lease - right-of-use asset Notes receivable - affiliated companies, net | 1,576,830 10,531,865 | 137,232 7,287,629 | |
| Total Other Long-Term Assets | 12,108,695 | 7,424,861 | |
| Total Assets | $ | 31,824,892 | $ 24,448,204 |
| Liabilities and Member's Equity | |||
| Current Liabilities Accounts payable Accrued salaries and payroll tax Operating lease liability Other current liabilities | $ | 667,611 3,548,509 58,782 2,744,210 | $ 1,993,783 3,310,197 77,343 3,026,086 |
| Total Current Liabilities | 7,019,112 | 8,407,409 | |
| Long-Term Liabilities | 1,716,558 | - | |
| Operating lease liability, net of current | |||
| Total Long-Term Liabilities | 1,716,558 | - | |
| Total Liabilities | 8,735,670 | 8,407,409 | |
| Commitments and Contingencies | |||
| BrightStar Franchising, LLC Member's Equity | 41,412,396 | 31,379,828 | |
| Non-Controlling Interest | (18,323,174) | (15,339,033) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the company's total assets as of December 29, 2024, amounted to $31,824,892. This figure represents the sum of Brightstar Care's current assets, property and equipment (net), and other long-term assets.
Specifically, the current assets included cash and cash equivalents, accounts receivable (net of allowances for credit losses), prepaid expenses, and other current assets. The property and equipment are recorded net of accumulated depreciation. Other long-term assets include operating lease right-of-use assets and notes receivable from affiliated companies.
Understanding the composition of Brightstar Care's assets can be valuable for a prospective franchisee. It provides insight into the company's financial health and resource allocation. Reviewing these figures in comparison to previous years and industry benchmarks can further inform a franchisee's investment decision. It is important to note that these figures are based on audited financial statements, offering a degree of reliability.