Are the Best Western financial statements presented in Item 21?

According to Best Western's 2025 Franchise Disclosure Document, Item 21, titled "Financial Statements," explicitly states that the company's audited consolidated financial statements are included in Exhibit E. These statements, along with related notes, cover the financial years ended November 30, 2024, November 30, 2023, and November 30, 2022.

This inclusion of audited financial statements is a standard practice in franchising, allowing potential franchisees to review the financial health and performance of Best Western over the past three years. The audit provides an independent assessment of the company's financial position, giving prospective franchisees more confidence in their investment decision.

As a prospective franchisee, carefully examining these financial statements is crucial. You should pay close attention to revenue trends, expenses, assets, liabilities, and overall profitability. Understanding Best Western's financial performance can help you assess the stability and potential risks associated with investing in the franchise. Consulting with a financial advisor or accountant to review these statements is advisable to gain a comprehensive understanding of the financial implications.