As of what date is the audited balance sheet provided for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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. Specifically, Exhibit F contains Better Blend's audited financial statements for the year ended December 31, 2023, and their audited balance sheet as of December 31, 2022. The company's fiscal year ends on December 31.
Because Better Blend has not been in business for three years or more, the FDD does not include all financial statements required by the Franchise Rule of the Federal Trade Commission.
Prospective franchisees should carefully review these financial statements and notes to understand Better Blend's financial performance and position. It is advisable to consult with a financial advisor to discuss the implications of these statements for your investment decision.