Do the financial statements for Bananas Smoothies Frozen Yogurt include a balance sheet?
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements for Everything Yogurt Brands, LLC, which includes Bananas Smoothies Frozen Yogurt, do include balance sheets. The Independent Auditor's Report states that the audit encompasses the balance sheets as of December 29, 2024, and December 31, 2023. This indicates that a prospective franchisee can review the company's financial position as of those dates.
In addition to the balance sheets, the audited financial statements also include 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. These statements provide a more comprehensive view of the company's financial performance over the three-year period.
The auditor's opinion confirms that the financial statements present fairly the financial position, results of operations, and cash flows of Everything Yogurt Brands, LLC in accordance with accounting principles generally accepted in the United States of America. This opinion provides assurance to potential franchisees regarding the reliability of the financial information presented.