What is the date of the auditor's report for Bananas Smoothies Frozen Yogurt?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
To the Members Everything Yogurt Brands, LLC Morristown, New Jersey
Opinion
We have audited the accompanying financial statements of Everything Yogurt Brands, LLC (a limited liability company), which comprise the balance sheets as of December 29, 2024 and December 31, 2023, and the related statements of income, changes in members' equity and cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 2022, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Everything Yogurt Brands, LLC as of December 29, 2024 and December 31, 2023, and the results of its operations and its cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 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. 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 Everything Yogurt Brands, 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.
Source: Item 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor's report for Everything Yogurt Brands, LLC, which includes Bananas Smoothies Frozen Yogurt, covers the financial statements as of December 29, 2024, and December 31, 2023. The report also includes the related statements of income, changes in members' equity, and cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 2022, along with related notes.
The auditor's opinion states that the financial statements present fairly the financial position of Everything Yogurt Brands, LLC as of December 29, 2024, and December 31, 2023, and the results of its operations and cash flows for the years ended December 29, 2024, December 31, 2023, and December 25, 2022, in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following generally accepted auditing standards in the United States. These standards require the auditor to be independent and meet ethical responsibilities. The auditor's responsibilities include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. The auditor's report includes their opinion on the financial statements.
For a potential Bananas Smoothies Frozen Yogurt franchisee, this information is crucial for assessing the financial health and stability of the franchisor, Everything Yogurt Brands, LLC. Understanding the auditor's opinion and the scope of the audit can provide insight into the reliability of the financial information presented in the FDD.