Do the Body Brain Center financial statements include a balance sheet?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
3435 Wilshire Blvd. Suite 600 Los Angeles, CA 90010 T +1 213 738 6000 F +1 213 738 6062
INDEPENDENT AUDITORS' REPORT
To the Members BODY AND BRAIN CENTER, LLC
Opinion
We have audited the financial statements of Body and Brain Center, LLC (the "Company") (an Arizona limited liability company and wholly owned subsidiary of Body & Brain Yoga and Health Centers, Inc.), which comprise the balance sheet as of December 31, 2023 and 2022, and the related statement of income and changes in member's equity, and cash flows for the year then ended, and the related notes to the financial statements. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Body and Brain Center, LLC as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounts principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Body Brain Center's 2025 Franchise Disclosure Document, the financial statements include balance sheets. Specifically, the Independent Auditors' Report states that they have audited the financial statements of Body Brain Center, LLC, which comprise the balance sheets as of December 31, 2023 and 2022. The report also mentions auditing the statement of income and changes in member's equity, and cash flows for the year then ended, along with related notes to the financial statements.
This indicates that a prospective Body Brain Center franchisee can review the company's balance sheets for these years to understand the company's financial position, including its assets, liabilities, and equity at those specific points in time. The inclusion of these balance sheets, along with other financial statements, suggests a degree of financial transparency from Body Brain Center.
It is important for potential franchisees to carefully examine these audited financial statements and notes, possibly with the assistance of a financial advisor, to fully understand the financial health and stability of Body Brain Center. This review should also consider the auditor's opinion and any qualifications or concerns raised in the audit report.