On what pages of the Annex Brands financial statements can I find the Consolidated Balance Sheets?

According to Annex Brands' 2025 Franchise Disclosure Document, the Consolidated Balance Sheets can be found on page 3 of the financial statements. This information is part of the consolidated financial statements, which also include the Independent Auditors' Report, Consolidated Statements of Income, Consolidated Statements of Shareholders' Equity, Consolidated Statements of Cash Flows, and Notes to Consolidated Financial Statements. These statements provide a comprehensive overview of Annex Brands' financial performance and position.

The Consolidated Balance Sheets specifically offer a snapshot of Annex Brands' assets, liabilities, and equity at a specific point in time. This is a crucial document for prospective franchisees as it provides insights into the company's financial stability and overall health. Reviewing these balance sheets can help potential franchisees assess the financial risks and opportunities associated with investing in an Annex Brands franchise.

Understanding the information presented on the Consolidated Balance Sheets requires some financial literacy. Assets are what the company owns (e.g., cash, accounts receivable, equipment), liabilities are what the company owes to others (e.g., accounts payable, loans), and equity represents the owners' stake in the company. By analyzing these components, a prospective franchisee can gain a better understanding of Annex Brands' financial structure and its ability to meet its obligations.

It is advisable for potential franchisees to carefully review all the financial statements and consult with a financial advisor to fully understand the implications of the information presented. Paying close attention to the Consolidated Balance Sheets, in particular, can provide valuable insights into the financial stability of Annex Brands and help in making an informed investment decision.