Are the financial statements for Bananas Smoothies Frozen Yogurt prepared by an independent auditor?
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 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of Everything Yogurt Brands, LLC, which includes Bananas Smoothies Frozen Yogurt, are audited by an independent auditor. The Independent Auditor's Report states that the auditor has audited the balance sheets as of December 29, 2024, and December 31, 2023, along with 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.
The auditor's opinion is 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 in accordance with auditing standards generally accepted in the United States of America, requiring the auditor to be independent and meet ethical responsibilities. The auditor believes the audit evidence obtained is sufficient and appropriate to provide a basis for their opinion. This indicates that a prospective Bananas Smoothies Frozen Yogurt franchisee can have confidence that the financial statements have been reviewed by an independent party and conform to standard accounting practices.