As of what date is the balance sheet presented for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
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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 audi
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 for the year ending December 31, 2023, and an audited balance sheet as of December 31, 2022. This means the FDD provides a snapshot of Better Blend's financial position at the close of both 2022 and 2023.
As Better Blend has not been in business for three years or more, they are not required to include all financial statements typically mandated by the Franchise Rule of the Federal Trade Commission. This is a common situation for newer franchise systems.
A prospective franchisee can review these balance sheets to assess Better Blend's assets, liabilities, and equity at these specific points in time. This information can be useful in evaluating the financial stability and performance of the franchisor.