Does the Beard Papas FDD include financial statements for 2022?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| Estimate Life | 2023 | 2022 | ||
|---|---|---|---|---|
| Intangible assets: | ||||
| Website and software | 5-7 years | $ | 16,919 | $ 16,919 |
| Trademark | 7-10 years | 30,026 | 30,026 | |
| Total intangible assets | 46,945 | 46,945 | ||
| Less: accumu |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beard Papas Franchise Disclosure Document, the company's financial statements include data from 2022. Specifically, the FDD mentions that amortization expense for the years ended December 31, 2023, and 2022 were approximately $4,000 and $6,000, respectively. This indicates that the financial statements provide some level of detail for the 2022 financial year.
Prospective franchisees can review these figures to understand the company's financial performance and trends over the past few years. Amortization expense is a non-cash expense that reflects the reduction in value of intangible assets over time. While this is just one small element of the overall financial picture, it does confirm that the 2025 FDD contains some financial data from 2022.
It is important for potential franchisees to carefully examine the complete financial statements within the FDD, including the balance sheets, income statements, and cash flow statements, to gain a comprehensive understanding of Beard Papas' financial health and stability. Reviewing multiple years of financial data helps identify trends and assess the overall financial risk and potential reward of investing in a Beard Papas franchise.