What financial statements are included in the audit of Bevaris Alliance?

According to Bevaris Alliance's 2024 Franchise Disclosure Document, the audit includes several financial statements. Specifically, the audit encompasses the balance sheets as of December 31, 2023, and 2022. These balance sheets provide a snapshot of the company's assets, liabilities, and equity at those specific points in time.

In addition to the balance sheets, the audit also incorporates the statements of income (loss), changes in member's equity, and cash flows for the years then ended. The statement of income (loss) details the company's financial performance over the two years, showing revenues, expenses, and net income or loss. The statement of changes in member's equity reflects how the equity of the company's member has changed over the same period. The statement of cash flows illustrates the movement of cash both into and out of the company, categorized by operating, investing, and financing activities.

Finally, the audit includes the related notes to the financial statements, which provide additional information and explanations about the figures presented in the main financial statements. These notes are crucial for understanding the accounting policies used and the assumptions made in preparing the statements. Together, these financial statements offer a comprehensive view of Bevaris Alliance's financial position and performance, which is essential for prospective franchisees to assess the financial health and stability of the franchise system.