What representation does a Bb.Q Chicken franchisee make regarding their financial statements?

According to the 2025 Bb.Q Chicken Franchise Disclosure Document, the franchisor's financial statements are prepared without an audit. This means that an independent certified public accountant has not reviewed the figures or expressed an opinion on their accuracy or form. Bb.Q Chicken advises prospective franchisees and sellers of franchises to take note of this.

This disclaimer is important for potential franchisees because it highlights a risk factor. Unaudited financial statements carry a higher risk of containing errors or misrepresentations compared to audited statements, which undergo thorough verification by an independent accounting firm. While unaudited statements can still provide a general overview of the franchisor's financial health, franchisees should approach them with caution and consider seeking independent financial advice.

Prospective Bb.Q Chicken franchisees should carefully review the financial statements provided in Exhibit A of the FDD, paying close attention to the assets, liabilities, equity, revenue, and expenses. Due diligence is crucial, and franchisees may want to consult with a financial advisor or accountant to assess the franchisor's financial stability and future prospects based on these unaudited figures. Understanding the franchisor's financial position is a key element in evaluating the overall risk and potential of investing in a Bb.Q Chicken franchise.