As of what dates does the opinion cover the balance sheet of Beggars Pizza Franchise, LLC?
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 independent auditor's report includes an opinion on the balance sheet as of December 31, 2024, and December 31, 2023. This means the auditor has examined the financial position of Beggars Pizza as of those specific dates.
For a prospective franchisee, this is important because it provides a snapshot of the company's assets, liabilities, and equity at those points in time. Reviewing these balance sheets, along with the related statements of income, members' equity, and cash flows, can help a franchisee assess the financial health and stability of Beggars Pizza.
It's also worth noting that the auditor's opinion states that the financial statements present fairly, in all material respects, the financial position of Beggars Pizza. This indicates that the auditor believes the financial statements are reliable and accurate, based on their audit. Franchisees should review the notes to the financial statements for additional context and details.