Do the Black Bear Diner financial statements include notes to the financial statements?
Black_Bear_Diner Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTE 8 - EMPLOYEE BENEFIT PLAN
The Company participates in a 401(k) profit sharing plan (the Plan), which is sponsored by BBD Opco LLC. The Plan covers all eligible employees, except executive management of the Company, who have attained age 21 and have completed one year of eligible serv
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 55)
What This Means (2025 FDD)
Yes, according to the 2025 FDD, the Black Bear Diner financial statements do include notes. Specifically, Note 8 pertains to the employee benefit plan. The note mentions that the company participates in a 401(k) profit sharing plan, which is sponsored by BBD Opco LLC.
This plan covers eligible employees, excluding executive management, who are at least 21 years old and have completed one year of eligible service. Notes to financial statements provide additional details and explanations about the figures presented in the main financial statements, offering a more comprehensive understanding of a company's financial position and performance.
For a prospective Black Bear Diner franchisee, this indicates that the FDD provides detailed financial disclosures, including information about employee benefits and other relevant aspects of the company's operations. Reviewing these notes can offer insights into the company's financial practices and potential liabilities, aiding in the decision-making process.