As of what date is the Beggars Pizza Franchise, LLC balance sheet presented?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Beggars Pizza Franchise, LLC, which comprise the balance sheet as of December 31, 2024 and 2023, and the related statements of income, members' equity, 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 Beggars Pizza Franchise, LLC as of December 31, 2024 and 2023, 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 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the balance sheet is presented as of December 31, 2024 and 2023. The independent auditor's report confirms that they audited the financial statements of Beggars Pizza Franchise, LLC, which include the balance sheet for these two years, along with the related statements of income, members' equity, and cash flows. This provides a two-year snapshot of the company's financial position.
The inclusion of two years' worth of balance sheets allows prospective franchisees to assess trends in Beggars Pizza's financial health. By comparing the assets, liabilities, and equity over these two years, potential investors can gain insights into the company's growth, stability, and overall financial performance. This information is crucial for making informed decisions about investing in a Beggars Pizza franchise.
Furthermore, the auditor's opinion indicates that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This adds a level of credibility and assurance to the financial information provided, suggesting that the statements are reliable and accurately reflect the financial position of Beggars Pizza as of the specified dates.