factual

As of this FDD, what is the most recent year for which Bigfoot Forestry provides audited financial statements?

Bigfoot_Forestry Franchise · 2025 FDD

Answer 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 Bigfoot Forestry's 2025 Franchise Disclosure Document, the company includes audited financial statements for the fiscal years ending December 31, 2024, and December 31, 2023. This indicates that the most recent year for which audited financial statements are provided is 2024.

Bigfoot Forestry includes these audited financial statements to provide prospective franchisees with an overview of the company's financial health and performance. These statements are crucial for potential franchisees as they offer insights into the company's revenues, expenses, assets, and liabilities. By reviewing these statements, franchisees can assess the financial stability and profitability of Bigfoot Forestry.

However, because Bigfoot Forestry has not been in existence for three years, the FDD states that they cannot provide all of the financial statements required by the FTC franchise disclosure guidelines. This is a common situation for newer franchises. Prospective franchisees should consider this when evaluating the financial information and may want to seek additional financial data or projections from Bigfoot Forestry to gain a more comprehensive understanding of the company's financial outlook.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.