Does the Bang Cookies FDD include financial statements?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISE DISCLOSURE DOCUMENT EXHIBIT D FINANCIAL STATEMENTS
Bang Cookies Franchise, LLC
Independent Auditor's Report And
Financial Statements
Period From January 19, 2023 (Inception)to December 31, 2023
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 55–56)
What This Means (2024 FDD)
Yes, the 2024 Bang Cookies Franchise Disclosure Document includes financial statements. Exhibit D of the FDD contains the financial statements and an independent auditor's report for the period from January 19, 2023 (inception) to December 31, 2023.
These financial statements provide a prospective Bang Cookies franchisee with insight into the financial health and performance of the Bang Cookies Franchise, LLC. The inclusion of an independent auditor's report suggests that these statements have been reviewed by an external accounting firm, adding a level of credibility. The financial statements include information about the company's assets, liabilities, equity, revenue, and expenses.
It is important for potential franchisees to carefully review these financial statements and consult with a financial advisor to understand the financial risks and opportunities associated with investing in a Bang Cookies franchise. Understanding the franchisor's financial stability is crucial for making an informed decision about whether to invest in the franchise system. The notes to the financial statements also provide additional context and explanations of the accounting policies used in preparing the statements.