Do the Belocal financial statements include a balance sheet?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Independent Auditor's Report | 3 |
|---|---|
| Financial Statements | |
| Balance Sheets | 5 |
| Statements of Operations. | 6 |
| Statements of Changes in Stockholders' Equity | 7 |
| Statements of Cash Flows | 8 |
| Notes to Financial Statements | 9 |
Dallas Office 2425 N Central Expy. Suite 200 Richardson, TX 75080 Phone 972 238 5900 Fax 972 692 5357
Independent Auditor's Report
To the Stockholders N2 Franchising, Inc. Wilmington, North Carolina
Report on the Financial Statements
Opinion
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 70–71)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the financial statements include balance sheets. Item 23 lists the receipts included in the FDD, and specifies that balance sheets are included on page 5.
Furthermore, the Independent Auditor's Report confirms that the financial statements of N2 Franchising, Inc., which include Belocal, comprise the balance sheets as of June 30, 2025 and 2024. The report also mentions that the financial statements include statements of operations, changes in stockholders' equity, and cash flows for the years ended June 30, 2025, 2024, and 2023.
This indicates that prospective Belocal franchisees can review the company's balance sheets for the past two fiscal years, along with other key financial statements, to gain an understanding of the company's financial position and performance. Reviewing these statements is a standard practice when evaluating a franchise opportunity, as it provides insights into the franchisor's financial health and stability.