Do the Bb.Q Chicken financial statements include a statement of cash flows?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Assets | 18,709,596 | 14,654,962 |
ONE STATION PLAZA
RIDGEFIELD PARK, NJ 07660 TEL: (201)699-0969 FAX:(201)917-5017 sseo@scjcpa.com
Independent Auditors' Report
To the Board of Director and Stockholders of BBDOTQ USA, Inc.:
Opinion
We have audited the accompanying consolidated financial statements of BBDOTQ USA, Inc and its subsidiaries (the 'Company") which comprise the balance sheet as of December 31, 2024 and 2023, and the related statements income and retained deficit and cash flows for the years then ended 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 BBDOTQ USA INC. and its Subsidiaries as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the franchisor's financial statements do include a statement of cash flows. The Independent Auditors' Report confirms that the audit of BBDOTQ USA, Inc. and its subsidiaries includes the balance sheet as of December 31, 2024 and 2023, the statements of income and retained deficit, and the statement of cash flows for the years then ended. This indicates that a prospective franchisee can review the cash flow statements to understand how Bb.Q Chicken has generated and used cash in recent years.
The inclusion of a cash flow statement is standard practice for audited financial statements, as it provides insights into a company's liquidity and solvency. It complements the balance sheet and income statement by showing the movement of cash both into and out of the company. For a potential Bb.Q Chicken franchisee, this offers a more complete picture of the franchisor's financial health.
It is important for prospective franchisees to carefully examine the statement of cash flows, along with the other financial statements and accompanying notes, to assess the financial stability and performance of Bb.Q Chicken. Analyzing these statements can help in understanding the trends in Bb.Q Chicken's cash flow, its ability to meet its obligations, and its overall financial management practices.