Does the Body20 FDD include the financial statements of Sequel Brands Holdings, LLC?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT C TO THE FRANCHISE DISCLOSURE DOCUMENT
Sequel Brands Holdings, LLC Financial Statements and Guarantee
(attached)
Report of Independent Auditors and Financial Statements
Sequel Brands Holdings, LLC
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
Yes, the 2025 Body20 FDD includes the financial statements of Sequel Brands Holdings, LLC. According to Exhibit C of the FDD, the financial statements of Sequel Brands Holdings, LLC, along with a guarantee, are attached.
Specifically, the FDD includes the report of independent auditors and the financial statements of Sequel Brands Holdings, LLC, for April 30, 2025. The financial statements include the balance sheet as of April 30, 2025, the statements of operations and member's equity, and cash flows for the period from April 8, 2025 (inception) through April 30, 2025, and related notes.
Furthermore, Sequel Brands Holdings, LLC, as the guarantor, absolutely and unconditionally guarantees the duties and obligations of Body20 Franchisor LLC under its franchise registration and Franchise Agreement. This guarantee remains in effect until all obligations are satisfied or the liability of Body20 to its franchisees has been completely discharged.