Do the Body Brain Center financial statements include an income statement?
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 the 2025 Body Brain Center Franchise Disclosure Document, the financial statements include a statement of income. Specifically, the Independent Auditors' Report states that they have audited the financial statements of Body Brain Center, LLC, 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. This indicates that an income statement is part of Body Brain Center's audited financial statements.
This is a standard practice, as an income statement (also known as a profit and loss statement) is a fundamental financial statement that reports a company's financial performance over a period of time. It details revenues, expenses, and profits or losses, providing insights into the company's profitability. Prospective franchisees typically review the income statement to assess the financial health and performance of the franchisor.
The inclusion of a statement of income in Body Brain Center's financial statements allows potential franchisees to evaluate the franchisor's revenue streams, cost structure, and overall profitability. This information is crucial for making an informed decision about investing in a Body Brain Center franchise. The audit performed by independent auditors further enhances the reliability of these financial statements.
Therefore, a prospective franchisee can expect to find an income statement within the financial disclosures provided by Body Brain Center, offering valuable insights into the franchisor's financial performance and stability.