Do the financial statements for Bananas Smoothies Frozen Yogurt include a statement of cash flows?
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 a statement of cash flows. The Independent Auditor's Report states that the audit encompassed the balance sheets as of December 29, 2024, and December 31, 2023, as well as 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.
This inclusion of a cash flow statement is standard practice for audited financial statements and provides insight into how Everything Yogurt Brands, LLC, generates and uses cash. A prospective Bananas Smoothies Frozen Yogurt franchisee can review this statement to understand the company's cash management and financial health over the past three years.
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 provides a level of assurance regarding the reliability of the financial information presented.
Therefore, a potential franchisee can use the statement of cash flows, along with the other financial statements, to assess the financial stability and performance of the Bananas Smoothies Frozen Yogurt franchisor.