For what year does Better Blend provide audited financial statements?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
T AUDITOR'S REPORT
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the company includes audited financial statements for the years ending December 31, 2022 and December 31, 2023. These statements include balance sheets, statements of operations, member's deficit, and cash flows, along with related notes.
The inclusion of these audited financial statements provides prospective Better Blend franchisees with insights into the company's financial health and performance. Audited statements are generally considered more reliable than unaudited ones, as they have been reviewed by an independent accounting firm.
Specifically, the independent auditor's reports express an opinion on the fairness of Better Blend's financial position as of December 31, 2022 and December 31, 2023, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America. This information is crucial for potential franchisees to assess the financial stability and operational efficiency of Better Blend before making an investment decision.