Does the Bang Cookies FDD include unaudited 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)
According to Bang Cookies' 2024 Franchise Disclosure Document, the document includes financial statements along with an independent auditor's report. The financial statements cover the period from January 19, 2023 (inception) to December 31, 2023.
The inclusion of an independent auditor's report suggests that the financial statements have been audited by a certified public accountant. The auditor's report expresses an opinion on whether the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should carefully review the financial statements and the auditor's report to understand Bang Cookies' financial performance and position. This information can help franchisees assess the financial health of the company and make informed decisions about investing in a franchise.