What specific financial statements of Beauty Bungalows were audited?
Beauty_Bungalows Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Beauty Bungalows' 2025 Franchise Disclosure Document, the audited financial statements include balance sheets, statements of operations, statements of changes in members' equity, and statements of cash flows. These statements provide a comprehensive view of Beauty Bungalows' financial performance and position.
The audit covered the balance sheets as of December 31, 2024, and 2023. It also included the statements of operations, changes in members' equity, and cash flows for the years ended December 31, 2024, and 2023. The inclusion of these statements allows prospective franchisees to assess the company's financial health over a two-year period.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). This indicates that the audit was performed by qualified professionals who adhered to established standards of objectivity and due diligence. The auditors' opinion states that the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of Beauty Bungalows in accordance with accounting principles generally accepted in the United States of America.