As of what date are the audited consolidated financial statements for Big O Tires provided?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document as Exhibit N are the audited consolidated financial statements of TBC Holdings and its subsidiaries as of March 31, 2025, March 31, 2024, and March 31, 2023 for the years then ended. We are owned indirectly by TBC Corporation, which is owned directly by TBC Holdings. A Guaranty of Performance by TBC Holdings of Big O's performance of Big O's obligations under the Franchise Agreement is included with the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 101–102)
What This Means (2025 FDD)
According to Big O Tires' 2025 Franchise Disclosure Document, the audited consolidated financial statements of TBC Holdings and its subsidiaries are provided as of March 31, 2025, March 31, 2024, and March 31, 2023, for the years then ended. TBC Holdings indirectly owns Big O Tires through TBC Corporation. The FDD includes a Guaranty of Performance by TBC Holdings, ensuring Big O Tires fulfills its obligations under the Franchise Agreement.
For a prospective franchisee, this means the financial statements offer a look at the financial health of the parent company and its subsidiaries, which can be an important factor in assessing the stability and reliability of the Big O Tires franchise system. Reviewing these statements can provide insights into the company's revenues, expenses, assets, and liabilities over the past three years.
It is important to note that the financial statements are for TBC Holdings, not solely for Big O Tires. While the guaranty provides some assurance, franchisees should still carefully analyze the statements to understand the overall financial condition of the parent company and how it might impact the franchise system. Franchisees should consult with a financial advisor to fully understand the implications of these financial statements.