On what page of the Annex Brands FDD can I find the Consolidated Balance Sheets?

According to the 2025 Annex Brands FDD, the Consolidated Balance Sheets can be found on page 3. This information is located within Item 21, which covers the financial statements of the company. Item 21 includes audited balance sheets as of September 30, 2024, and 2023, along with statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023, and 2022.

Prospective franchisees can use the consolidated balance sheets to assess the financial stability and health of Annex Brands. By reviewing these statements, potential franchisees can gain insights into the company's assets, liabilities, and equity, which are critical indicators of its ability to support its franchisees. Understanding the balance sheet is a key part of due diligence before investing in a franchise.

The FDD also includes an independent auditor's report and notes to the consolidated financial statements, providing additional context and details about the figures presented. These notes can offer explanations of accounting policies, debt obligations, and other factors that may impact the financial performance of Annex Brands. Franchisees should carefully review these notes to gain a comprehensive understanding of the company's financial position.

It is important for potential franchisees to consult with a financial advisor or accountant to properly interpret the financial statements and assess the risks and opportunities associated with investing in an Annex Brands franchise. The financial statements provide valuable information, but professional guidance is essential for making informed investment decisions.