Does the Bigfoot Forestry FDD include financial statements for the year 2022?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year ends on December 31st . Audited financial statements for Bigfoot Franchising, LLC for the fiscal years ended December 31, 2024 and December 31, 2023 are attached to this Disclosure Document as EXHIBIT "G". Because we have not been in existence for 3 years, we cannot provide all of the financial statements required by the FTC franchise disclosure guidelines.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2025 FDD)
According to the 2025 Bigfoot Forestry FDD, audited financial statements are included for the fiscal years ending December 31, 2024, and December 31, 2023. The Bigfoot Forestry FDD does not include financial statements for 2022.
Bigfoot Forestry states that because they have not been in existence for three years, they cannot provide all of the financial statements required by the FTC franchise disclosure guidelines. Bigfoot Franchising, LLC was organized in South Carolina on July 12, 2022.
Prospective franchisees should be aware that the absence of three years of financial statements is due to the relatively new establishment of the Bigfoot Forestry franchise. This does not necessarily indicate financial instability, but rather a limited operating history. As such, potential franchisees may want to request additional information or clarification from Bigfoot Forestry regarding their financial performance and projections.