For the Bananas Smoothies Frozen Yogurt franchise, which exhibit contains the audited financial statements?
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 23 — RECEIPT (FDD pages 58–231)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Exhibit L includes the receipt and a statement that if Everything Yogurt Brands, LLC (the franchisor of Bananas Smoothies Frozen Yogurt) offers a franchise, it must provide the disclosure document to the prospective franchisee 14 calendar days before signing a binding agreement or making a payment. Exhibit E authorizes state agencies to receive service of process. The independent auditor's report and audited financial statements are found in the document.
The independent auditor's report includes the opinion that the financial statements of Everything Yogurt Brands, LLC, 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, present fairly the financial position of Everything Yogurt Brands, LLC.
This report assures prospective Bananas Smoothies Frozen Yogurt franchisees that the franchisor's financial statements have been audited by an independent firm, providing an unbiased opinion on the company's financial standing. Reviewing these statements is crucial for potential franchisees to assess the financial health and stability of the franchisor before investing in a franchise.