Do the Baya Bar financial statements include a statement of changes in equity?

According to the 2024 Baya Bar Franchise Disclosure Document, the financial statements include statements of operations, member's equity, and cash flows. Specifically, the Independent Auditor's Report states that Baya Bar's financial statements include these items for the years ended December 31, 2023, 2022, and 2021.

This means that prospective Baya Bar franchisees can review the changes in the company's equity over the three-year period covered by the financial statements. The statement of member's equity provides insights into how the equity of Baya Bar has changed due to factors like profits, losses, and any distributions to its members. This information is valuable for assessing the financial health and stability of the franchisor.

Reviewing these statements can help potential franchisees understand how Baya Bar manages its finances and allocates profits. It also allows them to see the trend in equity growth or decline, which can be an indicator of the company's overall performance. The inclusion of these statements in the FDD reflects a commitment to transparency and provides potential franchisees with important information for making an informed investment decision.