For Best Western International, Inc., what years are covered by the consolidated statements of financial position in the provided financial statements?
Best_Western Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Best Western International, Inc. (the Company), which comprise the consolidated statements of financial position as of November 30, 2024 and 2023, and the related consolidated statements of revenues and expenses, other comprehensive revenues and expenses, cash flows and changes in net assets for the years then ended, and the related notes (collectively referred to as the "financial statements").
Source: Item 23 — Receipts (FDD pages 108–413)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the consolidated statements of financial position included in the audited financial statements are as of November 30, 2024 and 2023. These statements provide a snapshot of the company's assets, liabilities, and equity at the end of each of those fiscal years.
The independent auditor, Ernst & Young LLP, has audited these consolidated financial statements. Their opinion confirms that the financial statements present fairly the financial position of Best Western as of those dates, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should carefully review these financial statements and the accompanying notes to understand Best Western's financial health and performance. Examining the trends between 2023 and 2024 can provide insights into the company's growth, profitability, and stability, which are crucial factors to consider before investing in a Best Western franchise.