Are Bb.Q Chicken's audited financial statements attached to the Disclosure Document?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 21 FINANCIAL STATEMENTS
Attached to this Disclosure Document as Exhibit A are our audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. Also attached are our unaudited financial statements as of February 28, 2025.
Our fiscal year end is December 31st.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the company's audited financial statements are included as part of the document. Specifically, Exhibit A contains the audited financial statements for the fiscal years ending December 31, 2024, December 31, 2023 and December 31, 2022. Additionally, the exhibit includes unaudited financial statements as of February 28, 2025.
These financial statements offer prospective Bb.Q Chicken franchisees insight into the company's financial health and performance over the past three years. Reviewing these statements can help potential franchisees assess the stability and profitability of the franchisor. It is common practice for franchisors to include audited financial statements in their FDDs to provide transparency and build trust with potential franchisees.
It is important for prospective franchisees to carefully review these financial statements with a financial advisor to understand the franchisor's financial position, including revenues, expenses, assets, and liabilities. Understanding these financial details can help franchisees make an informed decision about investing in a Bb.Q Chicken franchise. The inclusion of both audited and unaudited statements provides a more comprehensive view, though the audited statements carry more weight due to the external verification process.