Where can I find the Report of Independent Auditors in the Beauty Bungalows FDD?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21. FINANCIAL STATEMENTS
Included in Exhibit A to this disclosure document is our audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022. Our fiscal year end is December 31.
EXHIBIT A
FINANCIAL STATEMENTS
Beauty Bungalows Franchising, LLC
(A Wyoming Limited Liability Company)
Financial Statements with Report of Independent Auditors December 31, 2024, and 2023
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the Report of Independent Auditors and the audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022, are included in Exhibit A. This exhibit is part of the disclosure document. The Beauty Bungalows fiscal year ends on December 31.
The Report of Independent Auditors includes an opinion on Beauty Bungalows Franchising, LLC's financial statements. The report covers the balance sheets as of December 31, 2024, and 2023, and the related statements of operations, members' equity, and cash flows for the years ended December 31, 2024, and 2023, including notes to the financial statements. The auditors state their opinion that the financial statements present fairly the financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America.
The report also outlines the responsibilities of both the management and the auditors. Management is responsible for preparing and fairly presenting the financial statements, including internal controls. The auditors' responsibilities include obtaining reasonable assurance about whether the financial statements are free from material misstatement and issuing a report that includes their opinion. The audit was conducted following auditing standards generally accepted in the United States of America (GAAS).
The auditor's report included in Exhibit A is signed in Troy, MI, and dated March 5, 2025. This indicates when the financial statements were available to be issued. Reviewing this report is essential for prospective franchisees to understand the financial health and stability of Beauty Bungalows.