As of what date is the audited balance sheet for Better Blend presented?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Item 21 FINANCIAL STATEMENTS
We have not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit F contains our audited financial statements for the year ended December 31, 2023, and our audited balance sheet as of December 31, 2022. Our fiscal year end is December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the company includes audited financial statements in Exhibit F. The balance sheet is presented as of December 31, 2023. Additionally, the FDD includes Better Blend's audited balance sheet as of December 31, 2022.
Because Better Blend has not been in business for at least three years, the FDD does not include all financial statements typically required by the FTC's Franchise Rule. This means prospective franchisees have access to a limited financial history for Better Blend, which is a shorter track record than more established franchises.
Prospective franchisees should carefully review these financial statements and consider seeking professional financial advice to fully understand Better Blend's financial performance and stability. It is important to assess the company's assets, liabilities, and overall financial health before making a decision to invest in a franchise.