What exhibit contains the audited financial statements 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.
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 FDD, the Independent Auditor's Report, which includes the audited financial statements for Everything Yogurt Brands, LLC, is included in Item 23, which covers Receipts. The financial statements comprise the balance sheets as of December 29, 2024, and December 31, 2023, along with 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 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 specified years, in accordance with accounting principles generally accepted in the United States of America. The audit was conducted according to auditing standards generally accepted in the United States of America, ensuring independence and adherence to ethical responsibilities.
For a potential Bananas Smoothies Frozen Yogurt franchisee, this means that the audited financial statements of the parent company, Everything Yogurt Brands, LLC, are available for review within the FDD. Reviewing these statements can provide insight into the financial health and performance of the overall organization, which is crucial for making an informed investment decision. It is important to note that these are the financials for the parent company and not specific to the Bananas Smoothies Frozen Yogurt franchise; however, they still offer valuable information about the company's financial stability.