Does the Bang Cookies FDD include a balance sheet?

According to the 2024 Bang Cookies Franchise Disclosure Document, the document includes a balance sheet. The independent auditor's report states that they audited the financial statements of Bang Cookies Franchise, LLC, which includes the balance sheet as of December 31, 2023. The auditor's report also mentions that the audit includes the related statements of operations, members' equity, and cash flows for the period from January 19, 2023, to December 31, 2023, along with related notes to the financial statements.

The inclusion of a balance sheet in the FDD is a standard practice, as it provides potential franchisees with a snapshot of Bang Cookies's financial position at a specific point in time. This allows franchisees to assess the company's assets, liabilities, and equity. The balance sheet, along with the other financial statements, helps prospective franchisees evaluate the financial health and stability of Bang Cookies before making a decision to invest in a franchise.

The auditor's opinion indicates that the financial statements present fairly the financial position, results of operations, and cash flows of Bang Cookies in accordance with accounting principles generally accepted in the United States of America. This provides a level of assurance to potential franchisees that the financial information has been reviewed by an independent party and is presented in a transparent and reliable manner. The balance sheet itself is included in the FDD as well.