What years are covered in the Baya Bar financial statements?

According to Baya Bar's 2024 Franchise Disclosure Document, the company's financial statements include an audit of the balance sheets as of December 31, 2023, and 2022. The statements of operations, members' equity, and cash flows are audited for the years ended December 31, 2023, 2022, and 2021.

This means that prospective Baya Bar franchisees can review three years of the company's financial performance. This information is crucial for understanding the franchisor's financial stability and historical performance. Reviewing these statements can help potential franchisees assess the franchisor's revenue trends, profitability, and cash flow management.

The independent auditor's report included in the FDD provides an opinion on the fairness of these financial statements. The auditor states that the financial statements present fairly the financial position of Baya Bar 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.

It is important for potential franchisees to carefully review these audited financial statements and consult with a financial advisor to fully understand the financial health and performance of Baya Bar before making an investment decision.