Where can I find the audited consolidated financial statements for Big O Tires?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
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, which include Big O Tires, are attached as Exhibit N. These statements cover the financial years ending March 31, 2025, March 31, 2024, and March 31, 2023. The FDD indicates that TBC Corporation indirectly owns Big O Tires through TBC Holdings. Additionally, the financial statements include a Guaranty of Performance by TBC Holdings, ensuring Big O Tires fulfills its obligations under the Franchise Agreement.
For a prospective franchisee, this means that detailed financial information about the parent company and its subsidiaries is available for review within the FDD. Examining these statements can provide insights into the financial health and stability of Big O Tires' parent company, which can be a crucial factor in assessing the overall risk and potential of investing in a Big O Tires franchise.
It is important for potential franchisees to carefully review these audited financial statements and consult with a financial advisor to fully understand the financial position of TBC Holdings and its implications for Big O Tires franchisees. Understanding the guarantor's financial strength is essential, as it provides security regarding Big O Tires' commitments under the franchise agreement.