Which exhibit contains Better Blend's audited financial statements?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 | |
| audited balance sheet as of December 31, 2022. Our fiscal year end is December 31. |
Source: Item 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the audited financial statements are located in Exhibit F. Specifically, Exhibit F contains Better Blend's audited financial statements for the year ended December 31, 2023, and their audited balance sheet as of December 31, 2022. The FDD also notes that Better Blend's fiscal year ends on December 31.
Because Better Blend has not been in business for at least three years, they are not able to include all financial statements typically required by the Franchise Rule of the Federal Trade Commission. This is a common situation for newer franchises, and the inclusion of audited statements for the available years helps provide transparency to potential franchisees.
Prospective franchisees should carefully review Exhibit F to understand Better Blend's financial performance and stability. This information is crucial for assessing the financial health of the franchisor and the potential risks and rewards of investing in a Better Blend franchise.