What specific dates are covered by the balance sheets in the audited financial statements of Beauty Bungalows?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
nancial Statements | |
Report of Independent Auditors
To the Member(s) of Beauty Bungalows Franchising, LLC:
Opinion
We have audited the accompanying financial statements of Beauty Bungalows Franchising, LLC (the Company), a Wyoming Limited Liability Company, which comprise 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, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024, and 2023, in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS).
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows's 2025 Franchise Disclosure Document, the balance sheets within the audited financial statements provide a snapshot of the company's financial position as of December 31, 2024, and December 31, 2023. These dates are explicitly mentioned in the Report of Independent Auditors, which accompanies the financial statements. The auditor's opinion confirms that the financial statements fairly represent Beauty Bungalows's financial position as of these dates.
In addition to the balance sheets, the audited financial statements also include related statements of operations, members' equity, and cash flows for the years ended December 31, 2024, and 2023. This comprehensive presentation allows for a thorough analysis of Beauty Bungalows's financial performance and changes in its financial position over the two-year period.
Prospective franchisees should carefully review these financial statements and the accompanying notes to understand Beauty Bungalows's financial health, profitability, and cash flow trends. Understanding these trends can help a franchisee assess the financial stability of the franchisor and its ability to support its franchisees. Furthermore, the financial statements were evaluated through March 5, 2025, which is the date the financial statements were available to be issued.