Are the Beehive Homes financial statements audited?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21. FINANCIAL STATEMENTS
Attached to this Franchise Disclosure Document as Exhibit C are the Bee Hive Homes, Inc. audited financial statements for the years ended December 31, 2024, 2023 and 2022
[Item 23: RECEIPTS]
INDEPENDENT AUDITORS' REPORT
To the Shareholder Bee Hive Homes, Inc. Boise, Idaho
Opinion
We have audited the financial statements of Bee Hive Homes, Inc. (an S corporation), which comprise the balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of income, changes in shareholder's deficit, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Bee Hive Homes, Inc. as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 34)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the company's financial statements are indeed audited. Item 21 explicitly states that the audited financial statements for the years ending December 31, 2024, 2023, and 2022 are attached as Exhibit C.
Furthermore, the presence of an Independent Auditors' Report reinforces this. The report includes an opinion from Harrie CPAs P.C. indicating that they have audited Bee Hive Homes, Inc.'s financial statements, which include balance sheets, statements of income, changes in shareholder's deficit, and cash flows for the specified years. The auditors' opinion confirms that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America.
This audit provides a level of assurance to prospective franchisees that the financial information presented by Beehive Homes has been reviewed by an independent accounting firm. This is a standard practice in franchising, as audited financial statements offer more credibility compared to unaudited ones. Franchisees can review these statements to gain insights into the financial health and performance of Beehive Homes over the past three years.