What year are the audited financial statements for Better Blend included in Exhibit F?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Lewak LLP
BALANCE SHEET DECEMBER 31, 2023
ASSETS
| all financial statements required by the Franchise Rule of the Federal Trade Commission. |
|---|
Source: Item 23 — RECEIPTS (FDD pages 43–157)
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. Additionally, the exhibit includes Better Blend's audited balance sheet as of December 31, 2022.
Since Better Blend has not been in business for three years or more, the FDD states that they cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. This is a common situation for newer franchises, as the FTC requires a certain operating history to provide a comprehensive financial picture.
Prospective franchisees should carefully review these financial statements to understand Better Blend's financial performance and stability. While the provided statements cover a limited period, they still offer valuable insights into the company's financial health. It is advisable to consult with a financial advisor to fully assess the implications of these statements.