For 7 Brew, what fiscal years are covered by the audited financial statements included in Exhibit C?
7_Brew Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit C contains our audited financial statements for the years ended December 29, 2024, December 31, 2023, and December 25, 2022, our unaudited balance sheet as of March 23, 2025, and our unaudited income statement for the fiscal period beginning December 30, 2024, and ending March 23, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 82)
What This Means (2025 FDD)
According to 7 Brew's 2025 Franchise Disclosure Document, Exhibit C contains the company's audited financial statements for the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022. These audited statements provide a detailed look at the company's financial performance and position over the past three years, as reviewed by an independent auditor.
In addition to the audited statements, Exhibit C also includes an unaudited balance sheet as of March 23, 2025, and an unaudited income statement for the fiscal period beginning December 30, 2024, and ending March 23, 2025. These unaudited financials offer a more recent snapshot of 7 Brew's financial status, although they have not been subjected to the same level of scrutiny as the audited statements.
Prospective franchisees should carefully review all the financial statements in Exhibit C, paying close attention to trends in revenue, expenses, and profitability. Comparing the audited results over the three-year period can reveal important insights into 7 Brew's financial stability and growth trajectory. The unaudited statements provide more current data, but it's important to remember that these have not been independently verified. Consulting with a financial advisor is recommended to fully understand the implications of these financial statements for your investment decision.