What does the Independent Auditor's Report state about the cash flows of Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
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.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the Independent Auditor's Report includes statements about the company's cash flows. Specifically, the report indicates that the auditor has audited the financial statements of Bevaris Alliance Franchise System, LLC, which include the statements of cash flows for the years ended December 31, 2023, and 2022.
The auditor's opinion is that the financial statements present fairly, in all material respects, the cash flows of Bevaris Alliance Franchise System, LLC for the years then ended, in accordance with accounting principles generally accepted in the United States of America. This means the auditor believes the cash flow statements accurately reflect the company's financial activities during those periods.
For a prospective franchisee, this indicates that Bevaris Alliance has had its financial statements, including cash flows, reviewed by an independent auditor. The auditor's opinion provides a level of assurance that these statements are presented fairly and in accordance with standard accounting practices. This can be an important factor in assessing the financial health and stability of the franchise system.