Are the financial statements for Bigfoot Forestry included as part of the Disclosure Document?
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, audited financial statements for the company for the fiscal years ended December 31, 2024, and December 31, 2023, are attached to the document as Exhibit "G".
However, because Bigfoot Forestry has not been in existence for three years, the company states that it cannot provide all of the financial statements required by the FTC franchise disclosure guidelines. This is a common situation for newer franchises, as the FTC requires three years of financial statements if the franchisor has been operating that long.
Prospective franchisees should carefully review the provided financial statements for 2023 and 2024 to understand Bigfoot Forestry's financial performance and stability. While two years of statements are provided, franchisees may want to request additional information or clarification from Bigfoot Forestry regarding their financial condition and future projections to gain a more complete understanding.