What is the date of the auditor's report for Better Blend's financial statements?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
INDEPENDENT AUDITOR'S REPORT
Board of Members of Better Blend Franchising, LLC
Opinion
We have audited the financial statements of Better Blend Franchising, LLC (the "Company"), which comprise the balance sheet as of December 31, 2023, the related statements of operations, member's deficit, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements presents fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the independent auditor's report is related to the financial statements as of December 31, 2023. The auditor's report expresses an opinion that the financial statements fairly present the financial position of Better Blend as of that date, in accordance with accounting principles generally accepted in the United States of America.
The report covers the balance sheet as of December 31, 2023, along with the statements of operations, member's deficit, and cash flows for the year then ended, and related notes. This indicates that the auditor has reviewed and assessed the company's financial records for the entire year of 2023.
Prospective franchisees should understand that the auditor's report provides an independent opinion on the fairness of the financial statements. It is important to review these statements and the auditor's opinion carefully to assess the financial health and stability of Better Blend before making an investment decision. Note 7 regarding subsequent events indicates the company evaluated subsequent events through May 2, 2024, the date on which the financial statements were available to be issued.