For what periods are the statements of operations, changes in member's equity, and cash flows provided in Assetco's financial statements related to the Bft franchise?

According to Bft's 2025 Franchise Disclosure Document, Assetco's audited financial statements include statements of operations, changes in member's equity, and cash flows. These statements cover the year ending December 31, 2024, and the period from March 6, 2023, to December 31, 2023. Assetco was established in March 2023, which explains why three years of financial statements are not available.

For a prospective Bft franchisee, this means they can review Assetco's financial performance for its first partial year of operation and the subsequent full year. This information is crucial for assessing the financial health and stability of Assetco, which guarantees Bft's obligations as a franchisor. Understanding these financial statements can help franchisees evaluate the risks associated with the franchise.

It's important to note that Assetco guarantees Bft's obligations under the Franchise Agreements and Multi-Unit Agreements. The financial statements provide insight into Assetco's ability to meet these guarantee obligations. Franchisees should carefully examine these statements and related notes to understand Assetco's financial condition and any potential risks that could affect Bft's operations.

Given that Assetco was formed in March 2023, the FDD clarifies that it cannot provide three years of financial statements. This is a common situation for newer franchisors or those undergoing reorganization. Prospective franchisees should consider this when evaluating the financial data and may want to request additional information or clarification from Bft regarding Assetco's financial projections and long-term stability.