As of what date are the Beard Papas balance sheets presented?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
counts receivable. The Company places its cash and cash equivalents in accounts with three financial institutions that are participating members of the U.S. Federal Deposit Insurance Corporation ("FDIC"). During the years ended December 31, 2024 and 2023, the Company's cash and cash equivalent balances exceeded the FDIC limit from time to time. The Company's cash and cash equivalents balances as of December 31, 2024, with FDIC member institutions exceeded the total amounts insured by FDIC's general deposit insurance rules
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the company's balance sheets are presented as of December 31, 2024 and 2023. This means that the financial statements included in the FDD provide a snapshot of Beard Papas's assets, liabilities, and equity on these specific dates.
For a prospective franchisee, this information is crucial for assessing the financial health and stability of Beard Papas. By reviewing the balance sheets, a franchisee can gain insights into the company's liquidity, solvency, and overall financial position. This helps in evaluating the risk associated with investing in a Beard Papas franchise.
It's important to note that the balance sheets only provide a historical view of the company's financials. While past performance is not necessarily indicative of future results, it can offer valuable context for understanding the company's financial management and trends. A potential franchisee should analyze these statements carefully and consider them in conjunction with other information provided in the FDD, such as the income statement and cash flow statement, to form a comprehensive understanding of Beard Papas's financial performance.