As of what date does the opinion relate to the balance sheet of Better Blend Franchising, LLC?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
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 opinion relates to the company's balance sheet as of December 31, 2023. The auditor's report states that they have audited the financial statements of Better Blend Franchising, LLC, which includes the balance sheet as of this date, along with related statements of operations, member's deficit, and cash flows for the year then ended.
The auditor's opinion confirms that the financial statements present fairly the financial position of Better Blend as of December 31, 2023, in accordance with accounting principles generally accepted in the United States of America. This opinion provides potential franchisees with assurance that the financial information presented by Better Blend has been reviewed and deemed accurate by an independent auditor.
In addition to the balance sheet as of December 31, 2023, the auditor also audited the balance sheet as of December 31, 2022. This allows for a comparison of the company's financial position over time. Reviewing these audited financial statements can help a prospective franchisee assess the financial health and stability of Better Blend before making a decision to invest in a franchise.