Did Baya Bar have any cash equivalents as of December 31, 2023?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the accompanying balance sheets of Baya Bar Franchise System, LLC as of December 31, 2023, and 2022 and the related statements of operations, members' equity and cash flows for the years ended December 31, 2023, 2022, and 2021, 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 Baya Bar Franchise System, LLC as of December 31, 2023, and 2022, and the results of their operations and their cash flows for the years ended December 31, 2023, 2022, and 2021, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 56–189)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, the company's financial statements as of December 31, 2023, were audited. While the audit report confirms that the financial statements present fairly the financial position of Baya Bar, the specific details regarding cash equivalents are not provided in this excerpt.
To determine if Baya Bar had any cash equivalents as of December 31, 2023, a prospective franchisee should review the balance sheets included in the FDD. Cash equivalents are typically found as a line item within the assets section of the balance sheet.
If the balance sheet is not included or does not provide sufficient detail, it is advisable to ask Baya Bar's franchisor directly for this information. Understanding the company's cash position can be crucial in assessing its financial health and stability.