factual

Was the financial data provided by Best In Class Education Center franchisees audited?

Best_In_Class_Education_Center Franchise · 2025 FDD

Answer from 2025 FDD Document

Notes to Tables 1 and 2:

    1. Source of Data: We obtained Gross Sales data for Franchised Centers from revenue reports submitted by franchisees and the POS system used by franchisees. We obtained Gross Sales data for the Company-Owned Center from internally prepared financial statements for this outlet. The data has not been audited.

Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 41–44)

What This Means (2025 FDD)

According to Best In Class Education Center's 2025 Franchise Disclosure Document, the financial data provided by franchisees was not audited. Specifically, the gross sales data for franchised centers was obtained from revenue reports submitted by franchisees and their POS systems, while the gross sales data for the company-owned center came from internally prepared financial statements. The franchisor explicitly states that this data has not been audited.

This means that the financial performance representations in Item 19, including the gross sales figures for both franchised and company-owned centers, are based on unaudited data. A prospective franchisee should understand that these figures have not been verified by an independent accounting firm and may be subject to inaccuracies.

Given that the data is unaudited, it is crucial for potential franchisees to conduct their own due diligence. Best In Class Education Center encourages prospective franchisees to investigate the costs and expenses they will incur. They suggest speaking with current or former franchisees, whose contact information is listed in the Franchise Disclosure Document, to gather more information. It would be prudent to consult with a financial advisor to review the data and assess the potential financial performance of a Best In Class Education Center franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.