Where can I find the audited balance sheet 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 Body20's 2025 Franchise Disclosure Document, the audited balance sheet for Body20's affiliate, Sequel Brands Holdings, LLC, as of April 30, 2025, is included as Exhibit C to the FDD. This exhibit also contains the related 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 for the company. This is a common situation for newly formed entities, as they lack the operational history to produce several years of financial data.
It's important to note that Sequel Brands Holdings, LLC, guarantees Body20's performance under the Franchise Agreement. A copy of Sequel Brands Holdings LLC's Guarantee is also attached as Exhibit C. This guarantee can provide some assurance to franchisees regarding Body20's financial stability and commitment to fulfilling its obligations.