table_specific

What was the change in Bombs Away Franchising LLC's shareholders' equity during the year 2023?

Bombs_Away Franchise · 2024 FDD

Answer from 2024 FDD Document

BOMBS AWAY FRANCHISING LLC STATEMENT OF SHAREHOLDERS' EQUITY DECEMBER 31, 2023


Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)

What This Means (2024 FDD)

Based on the 2024 Bombs Away FDD, the Statement of Shareholders' Equity for the year ending December 31, 2023, is included in the financial statements. However, the actual figures detailing the changes in shareholders' equity (such as beginning balance, net income/loss, distributions, and ending balance) are not present in the provided excerpts.

Without the specific figures, it's impossible to determine the exact change in Bombs Away Franchising LLC's shareholders' equity during 2023. The FDD does confirm that financial statements, including the statement of shareholders' equity, were audited by an independent accountant, indicating that this information exists and was reviewed for accuracy.

A prospective Bombs Away franchisee should request a complete copy of the audited financial statements, including the Statement of Shareholders' Equity, to fully understand the company's financial performance and changes in equity. This will provide a clearer picture of the company's profitability, stability, and how it manages its equity, which is crucial for assessing the financial health of the franchisor.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.