In what currency are the financial statements for Bananas Smoothies Frozen Yogurt presented?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements for Everything Yogurt Brands, LLC, which franchises Bananas Smoothies Frozen Yogurt, are presented in U.S. dollars. This means all monetary figures in the balance sheets, income statements, and cash flow statements are denominated in United States currency.
For a prospective Bananas Smoothies Frozen Yogurt franchisee, this is important because it provides clarity on the currency used for assessing the franchisor's financial health. All revenues, expenses, assets, and liabilities are reported in U.S. dollars, which is the standard for companies operating primarily within the United States.
This also simplifies the financial analysis for potential franchisees based in the U.S., as they do not need to perform currency conversions to understand the franchisor's financial performance. However, for international franchisees, understanding the exchange rates and potential currency fluctuations would be essential when evaluating the financial statements.