What was the net income for the Bambu franchise in 2023?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
NG, 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.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the financial statements include an audit of the balance sheet as of December 31, 2024, and 2023, along with related statements of operations, changes in members' deficit, and cash flow statements for the years ending December 31, 2024, 2023, and 2022. The independent auditor's report expresses an opinion that these financial statements present fairly the financial position of Bambu Franchising, LLC as of December 31, 2024, and 2023, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
These audited financial statements provide prospective franchisees with an overview of Bambu's financial performance over the past three years. The inclusion of balance sheets, income statements, and cash flow statements allows for a comprehensive analysis of the company's financial health and stability. This information is crucial for potential investors to assess the financial risks and rewards associated with investing in a Bambu franchise.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America, ensuring that the audit evidence obtained was sufficient and appropriate to provide a basis for the auditor's opinion. Management is responsible for the preparation and fair presentation of the financial statements, including the design, implementation, and maintenance of internal controls relevant to the preparation of financial statements that are free from material misstatement. This highlights the importance of reliable financial reporting and accountability within the Bambu franchise system.