Does the Bambu Disclosure Document include audited financial statements as of December 31, 2024?
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)
Yes, according to Bambu's 2025 Franchise Disclosure Document, the document includes audited financial statements as of December 31, 2024. These financial statements are also presented for the years ending December 31, 2023, and December 31, 2022. The audited financial statements are included as Exhibit J to the Disclosure Document.
The inclusion of audited financial statements is a standard practice in franchising, allowing prospective franchisees to assess the financial health and stability of the franchisor. These statements provide a detailed look at Bambu's financial performance over the past three years, offering insights into its revenues, expenses, assets, and liabilities.
The audit was conducted by Reese CPA LLC, and their report, dated March 25, 2025, consents to the use of Bambu's financial statements for the period ending December 31, 2024, within the Franchise Disclosure Document. This consent letter confirms that an independent auditor has reviewed the financial statements and provides assurance regarding their accuracy and reliability.