What exhibit contains the audited consolidated financial statements for Big O Tires?
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 included as Exhibit N. These statements cover the financial years ending March 31, 2025, March 31, 2024, and March 31, 2023. TBC Holdings owns TBC Corporation, which in turn owns Big O Tires.
Because TBC Holdings ultimately owns Big O Tires, the financial statements provide insight into the financial health and stability of the parent company. This is a common practice in franchising, as the financial strength of the parent company can impact the support and resources available to franchisees.
Furthermore, the FDD states that a Guaranty of Performance by TBC Holdings is included with the financial statements, guaranteeing Big O's obligations under the Franchise Agreement. This guaranty provides an additional layer of security for franchisees, ensuring that the franchisor has the financial backing to meet its commitments.