factual

As of the date of this FDD, what is the most recent year for which Better Blend's audited financial statements are available?

Better_Blend Franchise · 2024 FDD

Answer from 2024 FDD Document

Lewak LLP

BALANCE SHEET DECEMBER 31, 2023

ASSETS

all financial statements required by the Franchise Rule of the Federal Trade Commission.

Source: Item 23 — RECEIPTS (FDD pages 43–157)

What This Means (2024 FDD)

According to Better Blend's 2024 Franchise Disclosure Document, the most recent year for which audited financial statements are available is the year ending December 31, 2023. The FDD also includes an audited balance sheet as of December 31, 2022.

This is important for prospective franchisees because it provides a look into the financial health and stability of Better Blend. Reviewing these statements can help potential franchisees assess the company's ability to support its franchisees and manage its own financial obligations.

It is fairly standard practice for franchisors to include audited financial statements in their FDDs, as this is a requirement under the Franchise Rule of the Federal Trade Commission. These statements offer transparency and allow potential franchisees to make informed decisions. Better Blend's inclusion of these statements for the year ending December 31, 2023, and an audited balance sheet as of December 31, 2022, aligns with this standard practice, even though they have not been in business for three years or more.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.