What was the net income for Bambu in 2023?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the company's financial statements were audited for the years 2022, 2023, and 2024. The audit report includes the balance sheets as of December 31, 2023 and 2024, along with statements of operations, changes in members' deficit, and cash flows for the years ending December 31, 2022, 2023, and 2024. The auditor's opinion states that the financial statements fairly represent Bambu Franchising, LLC's financial position, results of operations, and cash flows for these years, in accordance with accounting principles generally accepted in the United States of America.
While the audit report confirms the availability of financial statements for 2023, the specific net income figure is not provided in this excerpt. The excerpt focuses on the auditor's responsibilities, management's responsibilities, and the standards under which the audit was conducted. It confirms that detailed financial statements exist for 2023, which would include the net income figure.
A prospective franchisee should request a full copy of Bambu's audited financial statements for 2023 to review the net income and other key financial performance indicators. This information is crucial for assessing the financial health and stability of the franchisor, which can impact the support and resources available to franchisees.