As of what date are the audited financial statements for Bambu included in the Disclosure Document?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit J are our audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022. Our fiscal year end is December 31st.
Source: Item 21 — Financial Statements (FDD page 52)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the audited financial statements included are as of December 31, 2024, December 31, 2023, and December 31, 2022. The document specifies that these financial statements are attached as Exhibit J. Bambu's fiscal year ends on December 31st.
This means that prospective franchisees reviewing the 2025 FDD have access to Bambu's financial performance over the past three fiscal years. This information is crucial for assessing the financial stability and historical performance of the franchisor. A potential franchisee can analyze trends in revenue, expenses, and profitability to make an informed decision about investing in a Bambu franchise.
It is standard practice for franchisors to include audited financial statements in their FDDs to provide transparency to potential franchisees. Audited statements offer a higher level of assurance compared to unaudited statements, as they have been reviewed by an independent accounting firm. Franchisees should carefully review these statements and consider consulting with a financial advisor to fully understand the financial health of Bambu before making any investment.