Are there any specific requirements for the financial statements included in the Beverly Anns Cookie FDD?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B Financial Statements
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 FDD, Exhibit B of the Beverly Anns Cookie Franchise Disclosure Document includes the financial statements. The FDD also states that if Mobile Cookie Company, LLC (Beverly Anns Cookie) does not deliver the disclosure document on time or if it contains a false or misleading statement or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission and the appropriate state agency identified on Exhibit A.
This means that Beverly Anns Cookie is legally obligated to provide accurate and timely financial statements within the FDD. A prospective franchisee should carefully review these statements, as they provide insight into the financial health and performance of the franchisor. Any discrepancies or concerns should be addressed with Beverly Anns Cookie or a financial advisor before making a final investment decision.
Franchisors typically include audited financial statements to provide potential franchisees with a clear picture of the company's financial stability. The inclusion of financial statements is a standard practice in franchising, allowing potential franchisees to assess the franchisor's financial health and stability before investing.