Does the Bigfoot Forestry FDD include financial statements for the year 2025?
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. Because Bigfoot Franchising, LLC has not been in existence for three years, the FDD does not include all of the financial statements typically required by the FTC.
This means that prospective franchisees can review the company's financial performance for the past two years to assess its financial health and stability. While the absence of three years' worth of data is noted, the inclusion of statements for 2023 and 2024 still provides valuable insight.
It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to fully understand the implications. They should also consider asking Bigfoot Forestry for more current financial information to supplement the data provided in the FDD and gain a more up-to-date view of the company's financial status.