Are the financial statements for Beyond Juicery Eatery audited?
Beyond_Juicery_Eatery Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
To the Members Beyond Juicery + Eatery Franchising, LLC
Opinion
We have audited the financial statements of Beyond Juicery + Eatery Franchising, LLC (the "Company"), which comprise the balance sheet as of December 31, 2024, 2023, and 2022 and the related statements of operations, members' deficit, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, 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
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audits of the Financial Statements section of our report. We are required to be independent of the Company and to meet our ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 60)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of Beyond Juicery Eatery Franchising, LLC are indeed audited. The FDD includes an Independent Auditor's Report that expresses an opinion on the fairness of the company's financial statements.
The audit was conducted according to auditing standards generally accepted in the United States of America (GAAS). The auditor's report states that they believe the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion. The audit covered the balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of operations, members' deficit, and cash flows for the years then ended, along with related notes.
The presence of an independent auditor's report indicates that a qualified firm has examined Beyond Juicery Eatery's financial records and provided an opinion on their accuracy and reliability. This can give prospective franchisees more confidence in the financial information presented in the FDD. The auditor's responsibilities include exercising professional judgment, assessing risks of material misstatement, and evaluating the appropriateness of accounting policies.