Are the Body Brain Center financial statements presented for December 31st of each year?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
Financial Statements
For the Year Ended December 31, 2024 and 2023 with Independent Auditors' Report
Notes to the Financial Statements December 31, 2024 and 2023
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.
Financial Statements
Years Ended December 31, 2022 and 2021 with Independent Auditors' Report
Notes to the Financial Statements December 31, 2022 and 2021
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Body Brain Center's 2025 Franchise Disclosure Document, the company's financial statements are presented with a year-end date of December 31. Specifically, the financial statements included in the FDD cover the years ending December 31, 2024 and 2023.
An independent auditor's report is included with the financial statements, providing an opinion on the fairness of the presentation of Body Brain Center's financial position as of December 31, 2023 and 2022, and the results of its operations and cash flows for the years then ended. Similarly, another independent auditor's report covers the financial statements as of December 31, 2022 and 2021.
Furthermore, the notes to the financial statements are also dated December 31, 2024 and 2023, as well as December 31, 2022 and 2021. This consistent year-end reporting provides a clear and regular view of Body Brain Center's financial performance, which is essential for prospective franchisees to evaluate the financial health and stability of the company.