What years are covered by the audited financial statements for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
pective franchisee. | |
INDEPENDENT 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. 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the audited financial statements include information for the years ending December 31, 2022, and December 31, 2023. Specifically, there is an independent auditor's report on the balance sheet as of December 31, 2022. Additionally, the financial statements include a balance sheet as of December 31, 2023, and related statements of operations, member's deficit, and cash flows for the year then ended.
Prospective franchisees should review these financial statements carefully to understand Better Blend's financial performance and position. The auditor's reports indicate that the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America. This provides a level of assurance regarding the reliability of the financial information.
It is important to note that the financial statements include notes that provide additional information about Better Blend's business, accounting policies, related party transactions, and other relevant matters. For example, the notes discuss the nature of Better Blend's business, revenue recognition policies, and risks and uncertainties. A potential franchisee should carefully read these notes to gain a comprehensive understanding of the company's financial condition and operations.
Overall, the audited financial statements provide valuable information for prospective Better Blend franchisees to assess the financial health and stability of the franchisor. Reviewing these statements in detail, along with the accompanying notes and auditor's reports, is a crucial step in the due diligence process before investing in a Better Blend franchise.