On what page of the Beggars Pizza FDD can I find the Statement of Income?
Beggars_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
Members Beggars Pizza Franchise, LLC Blue Island, Illinois
Opinion
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 the 2025 Beggars Pizza Franchise Disclosure Document, the Independent Auditor's Report includes the Beggars Pizza Franchise, LLC's statement of income. The audit report for the year ended December 31, 2024, can be found in Item 21, Exhibit A. The Independent Auditor's Report mentions that the financial statements 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.
Specifically, the Independent Auditor's Report related to the financial statements as of December 31, 2022 and 2021 can be found on page 65. This report also includes the statements of income, members' equity, and cash flows for the years then ended. Therefore, a prospective franchisee can find the Statement of Income within Item 21 of the FDD, particularly in Exhibit A, which contains the audited financial statements and related reports.
Reviewing these statements is crucial for potential franchisees to understand Beggars Pizza's financial performance over the past few years. This information can help in assessing the financial stability and profitability of the franchisor, which is a key factor in making an informed investment decision. The financial statements also provide insights into the franchisor's revenue streams, expenses, and overall financial health, allowing franchisees to evaluate the potential risks and rewards associated with investing in a Beggars Pizza franchise.