Are the financial statements for Big Apple Bagels unaudited?

According to Big Apple Bagels' 2025 Franchise Disclosure Document, the financial performance representations provided have not been audited by a Certified Public Accountant. The FDD states that no CPA has audited these figures or expressed an opinion on their content or form. Additionally, the amounts have not been audited or reviewed for reasonableness by independent auditors.

This means that the financial data presented by Big Apple Bagels regarding potential revenues and performance is based on information they've collected but hasn't been independently verified for accuracy or compliance with accounting standards. Prospective franchisees should recognize that the numbers provided are estimates and may not reflect the actual performance they will experience.

Given this, Big Apple Bagels advises potential franchisees to conduct their own independent investigation of costs and expenses and to consult with accounting, business, and legal advisors to prepare budgets, projections, and assess potential financial performance. They also recommend contacting existing Big Apple Bagels store operators to discuss their experiences. This due diligence is crucial to assess the potential financial viability of a Big Apple Bagels franchise, as the franchisor provides no guarantee that franchisees will achieve similar results.