How many years of financial statements are included for Best Western?
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").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at November 30, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD page 107)
What This Means (2025 FDD)
According to Best Western's 2025 Franchise Disclosure Document, the company includes consolidated financial statements for two fiscal years. The Report of Independent Auditors indicates that the financial statements comprise the consolidated statements of financial position as of November 30, 2024 and 2023, along with related statements of revenues and expenses, cash flows, and changes in net assets for the years then ended.
This means that prospective Best Western franchisees can review the company's financial performance over the past two years, allowing them to assess trends and stability. These statements are audited by an independent firm (Ernst & Young LLP), providing an additional level of assurance regarding their accuracy and reliability.
It is important for potential franchisees to carefully examine these financial statements and related notes to understand Best Western's financial health and performance. Analyzing these documents can help in making an informed decision about investing in a Best Western franchise.