As of this FDD, how many years of audited financial statements does Bang Cookies have?

According to Bang Cookies' 2024 Franchise Disclosure Document, the company includes audited financial statements for the year 2023. The FDD states that Bang Cookies was established on January 19, 2023, and its fiscal year ends on December 31. Because Bang Cookies has not been franchising for three years or more, the company does not have three years of audited financial statements.

This means that prospective franchisees reviewing the 2024 FDD will only see one year of financial history for Bang Cookies. This is not uncommon for newer franchise systems, as it takes time to accumulate the financial data necessary to produce multiple years of audited statements.

For a potential franchisee, this limited financial history means there is less data available to analyze long-term trends and financial stability. It is important to carefully review the single year of financial statements provided, ask detailed questions about the company's performance, and conduct thorough due diligence before making any investment decisions. Speaking with existing franchisees (if any) can provide additional insights into the brand's financial health and potential.