Where are the financial statements for Bevaris Alliance located in the FDD?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT B FINANCIAL STATEMENTS
[To Be Attached]
Certified Public Accountant
5134 North Central Ave., Suite 104 Phoenix, Arizona 85012
INDEPENDENT AUDITOR'S REPORT
Office: (602) 265-1455 Fax: (602) 265-4033
To the Member Bevaris Alliance Franchise System, LLC
Opinion
We have audited the accompanying financial statements of Bevaris Alliance Franchise System, LLC (a Delaware limited liability company), which comprises the balance sheet as of December 31, 2023 and 2022, and the related statements of income (loss), changes in member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Bevaris Alliance Franchise System, LLC as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, the financial statements are located in Exhibit B. The document states that the financial statements are to be attached. These statements include the balance sheets as of December 31, 2023, and 2022, along with the statements of income (loss), changes in member's equity, and cash flows for the years then ended, and related notes.
The financial statements have been audited by Joseph A. Martin, C.P.A., P.C., and their independent auditor's report expresses an opinion on the fairness of the presentation of Bevaris Alliance's financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America. The auditor's report outlines the responsibilities of both the management and the auditor in relation to the financial statements, ensuring transparency and reliability.
Prospective franchisees should carefully review these financial statements and the accompanying notes to understand Bevaris Alliance's financial performance and stability. This review should include an assessment of revenues, expenses, assets, liabilities, and cash flows to evaluate the franchisor's financial health and ability to support its franchisees. It is also important to note the auditor's opinion and any qualifications or concerns raised in the auditor's report, as these can provide valuable insights into the financial risks and uncertainties associated with investing in a Bevaris Alliance franchise.