What is the date of the financial statement provided for Belocal?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of N2 Franchising, Inc. (the "Company"), which comprise the balance sheets as of June 30, 2025 and 2024, and the related statements of operations, changes in stockholders' equity and cash flows for the years ended June 30, 2025, 2024 and 2023, and related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of N2 Franchising, Inc. as of June 30, 2025 and 2024 and the results of its operations, changes in stockholders' equity and cash flows for the years ended June 30, 2025, 2024 and 2023 in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 71–242)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the company's financial statements include balance sheets as of June 30, 2025, and June 30, 2024. These balance sheets are accompanied by related statements of operations, changes in stockholders' equity, and cash flows for the years ended June 30, 2025, 2024, and 2023.
These financial statements offer a comparative view of Belocal's financial performance over three years, allowing prospective franchisees to assess trends and stability. The inclusion of an independent auditor's report indicates that these statements have been audited by an independent accounting firm, providing an additional level of assurance regarding their accuracy and reliability.
Specifically, the auditor's report states that the financial statements present fairly the financial position of N2 Franchising, Inc. as of June 30, 2025 and 2024, and the results of its operations, changes in stockholders' equity and cash flows for the years ended June 30, 2025, 2024 and 2023 in accordance with accounting principles generally accepted in the United States of America.