On what date were Better Blend's financial statements available to be issued?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
The Company has evaluated subsequent events through May 2, 2024, the date on which the financial statements were available to be issued. Management has determined that there are no subsequent events which would be required to be disclosed in the financial statements, other than the matter discussed above.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the company evaluated subsequent events through May 2, 2024, which was the date the financial statements were available to be issued. This date is important because it signifies when Better Blend's management finalized their review of events that occurred after the close of the fiscal year (December 31, 2023) that could materially impact the financial statements.
This evaluation ensures that all relevant information, including any significant events like the opening of a new location in Independence, KY, on January 27, 2024, is considered and disclosed appropriately. By setting this date, Better Blend provides assurance that the financial statements reflect the most up-to-date and accurate view of the company's financial position.
For a prospective franchisee, this date indicates the recency and reliability of the financial information presented in the FDD. It confirms that Better Blend's management has taken the necessary steps to ensure the financial statements are complete and accurate as of that date, allowing potential franchisees to make informed decisions based on the latest available data.