Does Exhibit B contain audited or unaudited financial statements for Beverly Anns Cookie?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B contains the financial statements required to be included with this Franchise Disclosure Document: unaudited balance sheet as of April 30, 2025. Our fiscal year end is December 31st . The franchisor has not been in business for three years or more, and therefore cannot include the same financial statements as a franchisor that has been in business for three or more years.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Exhibit B contains the financial statements for Beverly Ann's Cookie. Specifically, Exhibit B includes an unaudited balance sheet as of April 30, 2025.
Because Beverly Ann's Cookie has not been in business for three years or more, the FDD states that it cannot include the same financial statements as a franchisor that has been in business for three or more years.
Prospective franchisees should be aware that unaudited financial statements have not been examined by an independent accountant. This means that the franchisee is relying solely on the franchisor's representation of their financial condition. It is common for newer franchises to have unaudited statements, but franchisees should carefully review these statements and consider having them analyzed by a financial professional.