What date are the audited financial statements for Bombs Away Franchising LLC?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
We have not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit C contains our audited financial statements dated December 31, 2023 and opening balance sheet dated December 31, 2022. Our fiscal year end is December 31
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, the company includes audited financial statements dated December 31, 2023. Additionally, the FDD contains an opening balance sheet dated December 31, 2022. The Bombs Away fiscal year ends on December 31.
The inclusion of these financial statements is to provide potential franchisees with an overview of the company's financial health and performance. These statements include the Balance Sheet, Profit & Loss Statement, Statement of Cashflows, and Statement of Shareholders' Equity.
Prospective franchisees should carefully review these financial statements and consult with a financial advisor to understand the implications for their investment. Understanding Bombs Away's financial performance can help franchisees assess the financial stability of the franchisor and the potential risks and rewards of investing in a Bombs Away franchise.