Where are the Bb.Q Chicken unaudited financial statements located within the Disclosure Document?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, both the audited and unaudited financial statements are included as Exhibit A. Specifically, the 2025 FDD states that the audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022, are attached as Exhibit A. The unaudited financial statements as of February 28, 2025, are also attached as Exhibit A.
It is standard practice for franchisors to include financial statements in their FDDs, as this information is crucial for prospective franchisees to assess the financial stability and performance of the franchisor. Audited financial statements provide a higher level of assurance due to the independent review by a certified public accountant. The inclusion of both audited and unaudited statements allows for a more current view of the company's financial position.
As a prospective franchisee, it is important to carefully review these financial statements and understand the franchisor's financial health. If you are not familiar with financial statement analysis, you should seek assistance from a financial advisor or accountant. Understanding the franchisor's financial performance can help you make an informed decision about investing in a Bb.Q Chicken franchise.