For what period of time is Better Blend's ability to continue as a going concern evaluated?

According to Better Blend's 2024 Franchise Disclosure Document, when preparing financial statements, the company's management is required to evaluate whether there are conditions or events that could raise substantial doubt about Better Blend's ability to continue operating as a going concern. This evaluation considers conditions and events in the aggregate and assesses the company's viability within one year after the date the financial statements are issued or available to be issued.

This "going concern" assessment is a standard accounting practice. It ensures that the financial statements provide a realistic view of Better Blend's financial health and sustainability. If there are significant doubts about the company's ability to continue operating, it must be disclosed in the financial statements.

For a prospective franchisee, this means that Better Blend's financial statements should be reviewed to see if any such doubts were raised by management. If such a disclosure exists, it would be prudent to investigate further and understand the nature and potential impact of those concerns on the franchise system.