Which exhibit to the Better Blend disclosure document contains the Financial Statements?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: May 3, 2024
I received a disclosure document dated May 3, 2024 that included the following Exhibits:
- A. State Administrators and Agents for Service of Process
- B. Franchise Agreement (with Guaranty and Non-Compete Agreement)
- C. Multi-Unit Development Agreement
- D. Rider to Lease Agreement
- E. Form of General Release
- F. Financial Statements
- G. Brand Standards Manual Table of Contents
- H. Current and Former Franchisees
- I. State Addenda to Disclosure Document
- J. State Addenda to Agreements
- K. EFT Authorization Form
Source: Item 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the Financial Statements are included as Exhibit F. This is important for prospective franchisees as the financial statements provide an overview of Better Blend's financial health, including revenues, expenses, assets, and liabilities. Reviewing these statements can help potential franchisees assess the stability and profitability of the franchisor.
Specifically, the exhibit list in Item 23 confirms that Exhibit F contains the financial statements. This is a standard practice in franchising, as financial transparency is crucial for potential investors. Franchisees should carefully examine these statements, ideally with the help of a financial advisor, to understand the financial performance and position of Better Blend.
Understanding the franchisor's financial stability is crucial in assessing the overall risk of investing in a Better Blend franchise. The financial statements will provide insight into the franchisor's ability to support its franchisees and invest in the brand's future growth. It is a common practice to have financial statements as part of the FDD to ensure transparency.