factual

As of December 31, 2023, what financial statements are included for Better Blend?

Better_Blend Franchise · 2024 FDD

Answer 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 financial statements audited by an independent auditor include a balance sheet as of December 31, 2023, along with related statements of operations, member's deficit, and cash flows for the year then ended. The audit also encompasses the related notes to the financial statements.

These financial statements offer a comprehensive view of Better Blend's financial standing and performance during the specified period. The balance sheet provides a snapshot of the company's assets, liabilities, and equity at the end of 2023. The statements of operations, member's deficit, and cash flows detail the company's financial activities and changes in financial position over the course of the year. Notes to the financial statements give additional context and explanations of the figures presented.

Prospective franchisees should carefully review these audited financial statements and notes to gain a clear understanding of Better Blend's financial health, profitability, and cash flow management. Understanding these aspects can help potential franchisees assess the financial stability of the franchisor and make informed decisions about investing in a Better Blend franchise. It is also important to note that the auditor's opinion indicates whether the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.

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.