Where can I find the Baya Bar financial statements in this Disclosure Document?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
43 Hylan Boulevard | | Staten Island, New York, 10306 | Staten Island, New York, 10306 | | 855-600-3282 | (718)213-4665 |
Issuance Date: April 30, 2024
I received a Disclosure Document dated April 30, 2024 that included the following Exhibits:
EXHIBIT A: List of State Franchise Administrators and Agents for Service of Process
| EXHIBIT B: Franchise Agreement with Attachments | |
|---|---|
| EXHIBIT C: Multi-Unit Development Agreement | |
| EXHIBIT D: Financial Statements of Baya Bar Franchise Systems, LLC | |
| EXHIBIT E: Operations Manual Table of Contents | |
| EXHIBIT F: Outlets as of the date of this Disc |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 55–56)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, the financial statements can be found as Exhibit D. Specifically, Item 22 lists the various exhibits included in the FDD, and Exhibit D is explicitly identified as containing the financial statements of Baya Bar Franchise Systems, LLC.
As a prospective franchisee, reviewing these financial statements is crucial. They provide insight into the franchisor's financial stability, profitability, and overall financial health. Analyzing the balance sheets, income statements, and cash flow statements will help you assess the franchisor's ability to support its franchisees and invest in the brand's future growth.
It is important to carefully examine these statements and consult with a financial advisor to fully understand the implications. Pay close attention to trends in revenue, expenses, and profits, as well as any significant changes in the company's financial position. This due diligence will help you make an informed decision about whether to invest in a Baya Bar franchise.