What was the total amount of Bambu's liabilities in the later reported year?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the company's total liabilities were audited for both 2023 and 2024. The independent auditor's report indicates that the financial statements, including the balance sheet, were reviewed for these years.
Based on the provided balance sheet, Bambu's total liabilities amounted to $348,247 as of December 31, 2024. This figure represents the company's obligations to others at that point in time. In comparison, the total liabilities as of December 31, 2023, were $274,987.
The increase in total liabilities from 2023 to 2024 suggests that Bambu took on more debt or had increased obligations to its creditors, vendors, or other parties. Prospective franchisees should consider this information in the context of Bambu's overall financial health and stability, as it could impact the franchisor's ability to support its franchisees.