What exhibit contains the financial statements for Body20's affiliate, Sequel Brands Holdings, LLC?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit C to this Disclosure Document is the audited balance sheet as of April 30, 2025, and the related statements of operations and member's equity, and cash flows for the period from April 8, 2025 (inception) through April 30, 2025 of our affiliate, Sequel Brands Holdings, LLC. Because Sequel Brands Holdings, LLC was organized in April 2025, it does not have available, and we cannot yet include, three full years of audited financial statements for Sequel Brands Holdings, LLC. Sequel Brands Holdings, LLC guarantees the performance of our obligations under the Franchise Agreement. A copy of Sequel Brands Holdings LLC's Guarantee of our obligations is also attached as Exhibit C.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 74)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements for Body20's affiliate, Sequel Brands Holdings, LLC, are included in Exhibit C. This exhibit also contains Sequel Brands Holdings, LLC's guarantee of Body20's obligations under the Franchise Agreement.
As the guarantor of Body20's obligations, Sequel Brands Holdings, LLC's financial health is relevant to prospective franchisees. The inclusion of these financial statements in the FDD allows franchisees to assess the financial stability of the entity backing Body20's commitments.
Exhibit C includes the audited balance sheet as of April 30, 2025, along with statements of operations and member's equity, and cash flows for the period from April 8, 2025 (inception) through April 30, 2025. Because Sequel Brands Holdings, LLC was formed in April 2025, the FDD does not include three full years of audited financial statements.