On what pages of the Beggars Pizza FDD can I find the Notes to the Financial Statements?

The 2025 Beggars Pizza Franchise Disclosure Document (FDD) includes audited financial statements. The Independent Auditor's Report mentions that the audit covers the balance sheets, income statements, statements of member's equity, cash flows, and related notes to the financial statements. This suggests that notes are included as part of the financial statements.

Specifically, the Independent Auditor's Report included in the 2025 FDD states that the audit encompasses the financial statements and the related notes. For example, one report is for the years ending December 31, 2024 and 2023, while another covers the years ending December 31, 2023 and 2022, and a third covers the years ending December 31, 2022 and 2021. These notes are integral to understanding Beggars Pizza's financial position and operational results.

However, the excerpts provided do not specify the exact page numbers where these notes can be found. To locate the notes, a prospective Beggars Pizza franchisee should review Exhibit A of the FDD, which contains the financial statements, or directly consult the table of contents or the financial statement section within the FDD. Alternatively, the franchisee can contact Beggars Pizza directly for clarification on the location of the notes.