Does the Best Brains FDD include an unaudited Balance Sheet, and if so, as of what date?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit H contains our audited financial statements for the fiscal years ending December 31, 2024, 2023, and 2022, as well as our unaudited Balance Sheet as of March 31, 2025 and our unaudited Profit & Loss Statement for the time period January 1, 2025 – March 31, 2025.
THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAD AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 Best Brains Franchise Disclosure Document, the financial statements include an unaudited balance sheet. Specifically, Exhibit H contains Best Brains' unaudited Balance Sheet as of March 31, 2025.
In addition to the unaudited balance sheet, Exhibit H also includes Best Brains' unaudited Profit & Loss Statement for the time period January 1, 2025 – March 31, 2025. The FDD also states that the exhibit contains audited financial statements for the fiscal years ending December 31, 2024, 2023, and 2022.
The FDD includes a disclaimer that the unaudited portion of the financial statements has not been reviewed by a Certified Public Accountant. Prospective franchisees should be aware that these figures have not been independently verified.