On what pages of the financial statements can I find the Balance Sheet for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Board of Members of Better Blend Franchising, LLC
Opinion
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.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statement section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
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 report indicates that the financial statements include a balance sheet. Specifically, the report for the year ending December 31, 2023, mentions the balance sheet, along with statements of operations, member's deficit, and cash flows.
Additionally, the independent auditor's report also references auditing the balance sheet as of December 31, 2022. This suggests that balance sheets for both 2022 and 2023 are included within the financial statements.
While the FDD excerpts mention the inclusion of balance sheets, they do not explicitly state the page numbers on which these balance sheets can be found. To locate the balance sheets, a prospective franchisee should review the full financial statements within the FDD or request the specific page numbers from Better Blend.