Do the financial statements for Bananas Smoothies Frozen Yogurt include an income statement?
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 franchises Bananas Smoothies Frozen Yogurt, include statements of income. The financial statements were audited by an independent auditor. The auditor's report states that the audit included the balance sheets, statements of income, changes in members' equity, and cash flows. These statements cover the fiscal years ended December 29, 2024, December 31, 2023, and December 25, 2022.
The inclusion of an income statement in the financial statements provides prospective Bananas Smoothies Frozen Yogurt franchisees with insight into the franchisor's financial performance over the past three years. This allows potential franchisees to assess the company's profitability, revenue trends, and expense management. The independent audit adds credibility to these financial statements, as it confirms that they are presented fairly and in accordance with generally accepted accounting principles.
It is important for prospective franchisees to carefully review the full audited financial statements, including all accompanying notes, to gain a comprehensive understanding of the franchisor's financial health. They should also consider consulting with a financial advisor or accountant to help them interpret the statements and assess the financial risks and opportunities associated with investing in a Bananas Smoothies Frozen Yogurt franchise.