What financial statements are included in Exhibit F for Better Blend?
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 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, Exhibit F contains the company's audited financial statements for the year ended December 31, 2023, and their audited balance sheet as of December 31, 2022. Better Blend states that because they have not been in business for three years or more, they cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission.
These financial statements offer potential franchisees insight into Better Blend's financial health and stability. The inclusion of an audited balance sheet for 2022 and audited financial statements for 2023 suggests a commitment to transparency and adherence to accounting standards.
However, the limited operating history of Better Blend means that there are fewer years of financial data available for review. Prospective franchisees should consider this when evaluating the financial viability of the franchise and may want to seek additional information or clarification from Better Blend regarding their financial performance and projections.