On what page of the Bojangles FDD can I find the Statements of Operations?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Management and Board of Directors of Bojangles Opco, LLC
Opinion
We have audited the accompanying financial statements of Bojangles Opco, LLC (the "Company"), which comprise the balance sheets as of December 29, 2024 and December 31, 2023, and the related statements of income, of member's equity and of cash flows for each of the three years in the period ended December 29, 2024, including the related notes (collectively referred to as the "financial statements").
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the Report of Independent Auditors states that the financial statements of Bojangles Opco, LLC, which include the balance sheets as of December 29, 2024, and December 31, 2023, and the related statements of income, member's equity, and cash flows for each of the three years in the period ended December 29, 2024, can be found within the document. The images included in the provided chunk show that this report begins on page 480. Therefore, it is likely that the statements of operations are located on or around page 480 of the FDD.
These statements are crucial for prospective franchisees as they provide a detailed overview of Bojangles's financial performance over the past three years. Analyzing these statements can help potential franchisees understand the company's revenue, expenses, and profitability trends, which are vital for assessing the financial viability of investing in a Bojangles franchise.
The Report of Independent Auditors also highlights management's responsibility for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America. This indicates that the financial information has been prepared under established standards and has been audited by an independent firm, adding credibility to the data presented.
Prospective franchisees should carefully review these statements and consult with a financial advisor to fully understand the financial health and performance of Bojangles before making any investment decisions. Understanding these financial statements is a key step in performing due diligence before investing in any franchise.