As of what date is the unaudited opening balance sheet for Azal Coffee?

According to Azal Coffee's 2024 Franchise Disclosure Document, the company's unaudited opening balance sheet is as of July 11, 2024. Because Azal Coffee has not been in business for three years, the FDD does not include the financial statements normally required, such as balance sheets for the previous two fiscal years and statements of operations, stockholders' equity, and cash flows for the previous three fiscal years. This is a common situation for newer franchises.

The balance sheet provides a snapshot of Azal Coffee's assets, liabilities, and equity on that specific date. It can give prospective franchisees an idea of the company's financial position at the time of the FDD's publication. However, because it is unaudited, it has not been reviewed by an independent accounting firm.

Potential franchisees should carefully review the balance sheet and consider its implications. They may want to discuss it with a financial advisor to fully understand Azal Coffee's financial health and stability. It's also advisable to request more current financial information from Azal Coffee to assess its performance since the balance sheet date.