factual

Are the financial statements for Bambu audited?

Bambu Franchise · 2025 FDD

Answer from 2025 FDD Document

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BAMBU FRANCHISING, LLC

TABLE OF CONTENTS

| Year ending December 31: | | |---|---| | 2025 | $15,028 |

Independent Auditor's Report

To the Members Bambu Franchising, LLC Denver, Colorado

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of Bambu Franchising, LLC which comprise the balance sheet as of December 31, 2024, and 2023, and the related statements of operations, changes in members' ( deficit) and cash flows for the years ended December 31, 2024, 2023, and 2022, and the related notes to the financial statements.

In our opinion, the financial statements referred to in the first paragraph above present fairly, in all material respects, the financial position of Bambu Franchising, LLC as of December 31, 2024, and 2023 and the results of its operations and its cash flows for the years ended December 31, 2024, 2023, and 2022, in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Bambu Franchising, LLC and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Bambu Franchising, LLC's ability to continue as a going concern for one year after the date that the financial statements are issued.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists.

Source: Item 21 — Financial Statements (FDD page 52)

What This Means (2025 FDD)

Yes, according to Bambu's 2025 Franchise Disclosure Document, the financial statements are audited by an independent auditor. The Independent Auditor's Report states that Reese CPA LLC has audited the financial statements of Bambu Franchising, LLC, which include the balance sheets as of December 31, 2024, and 2023, and the related statements of operations, changes in members' deficit, and cash flows for the years ended December 31, 2024, 2023, and 2022.

The auditor's opinion is that the financial statements present fairly, in all material respects, the financial position of Bambu Franchising, LLC as of December 31, 2024, and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024, 2023, and 2022, in accordance with accounting principles generally accepted in the United States of America.

Furthermore, Reese CPA LLC has provided its consent to the use of its report, dated March 25, 2025, relating to the financial statements of Bambu Franchising, LLC for the period ending December 31, 2024, in the Franchise Disclosure Document issued on March 31, 2025. This consent ensures that the auditor is aware and approves of the inclusion of their audit report in the FDD, providing further assurance to potential franchisees about the reliability of the financial information presented.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.