What years are covered in the Best Western financial statements?

According to Best Western's 2025 Franchise Disclosure Document, the consolidated financial statements include data for two fiscal years. Specifically, the statements of financial position are as of November 30, 2024 and 2023. The related consolidated statements of revenues and expenses, other comprehensive revenues and expenses, cash flows and changes in net assets are for the years then ended. This means the financial statements provide a two-year comparison of Best Western's financial performance.

These audited financial statements are a crucial part of the FDD, offering prospective franchisees insight into the financial health and stability of Best Western. By examining these statements, potential franchisees can assess the company's revenues, expenses, assets, liabilities, and cash flow trends over the two-year period. This information can help them evaluate the overall risk and potential reward of investing in a Best Western franchise.

The inclusion of audited financial statements is a standard practice in franchising, as it provides transparency and helps potential franchisees make informed decisions. The audit, conducted by Ernst & Young LLP, ensures that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This adds credibility to the financial information and gives franchisees confidence in the accuracy of the data.

Prospective franchisees should carefully review these financial statements and consult with a financial advisor to fully understand the implications of Best Western's financial performance. Analyzing the trends and ratios within the statements can provide valuable insights into the company's profitability, liquidity, and solvency, which are all important factors to consider before investing in a franchise.