Are the financial statements for Bigfoot Forestry audited?
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 Bigfoot Forestry's 2025 Franchise Disclosure Document, the company includes audited financial statements. Item 21 states that audited financial statements for the fiscal years ending December 31, 2024, and December 31, 2023, are attached to the FDD as Exhibit G. The audit was conducted by Metwally CPA PLLC, and their reports are included in the FDD.
The presence of audited financial statements indicates that an independent certified public accountant has examined Bigfoot Forestry's financial records and provided an opinion on whether they fairly represent the company's financial position and performance in accordance with generally accepted accounting principles (GAAP). This process enhances the credibility of the financial information presented in the FDD.
However, because Bigfoot Forestry has not been in existence for three years, the FDD notes that it cannot provide all of the financial statements required by the FTC franchise disclosure guidelines. Prospective franchisees should carefully review the included financial statements and the auditor's opinion to understand Bigfoot Forestry's financial health and performance. They may also want to consult with a financial advisor to discuss the implications of the financial statements.