For which fiscal years are audited financial statements provided for Bigfoot Forestry?
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 FDD, Bigfoot Forestry provides audited financial statements for the fiscal years ended December 31, 2024, and December 31, 2023. These statements are included as an exhibit in the disclosure document. Because Bigfoot Forestry has not been in existence for three years, the FDD states that they cannot provide all of the financial statements that the FTC franchise disclosure guidelines require.
For a prospective franchisee, this means they have access to two years of the franchisor's financial history to review. This information is crucial for evaluating the financial stability and performance of Bigfoot Forestry.
However, the FDD explicitly states that because the company hasn't been around for three years, they don't have all the financial statements that the FTC requires. This is not uncommon for newer franchises, but it does mean that potential franchisees have less historical data to analyze. It would be prudent for a prospective franchisee to carefully review the available financial statements and consider seeking professional financial advice before making a decision.