What date were the Bombs Away financial statements available to be issued?

According to Bombs Away's 2024 Franchise Disclosure Document, the financial statements were available to be issued on February 8, 2024. This date is significant because it represents the point in time after which management had evaluated subsequent events and determined that these events did not significantly impact the financial statements. This evaluation period extends from the balance sheet date (December 31, 2023) up to the date of management's review.

For a prospective Bombs Away franchisee, this date indicates the recency and reliability of the financial information presented. It confirms that the franchisor's management has reviewed events occurring after the close of the fiscal year and before the statements were issued, providing additional assurance that there are no undisclosed material changes affecting the company's financial position. This is a standard practice in financial reporting, ensuring that the financial statements reflect the most current and accurate information available at the time of issuance.

It is important for potential franchisees to consider this date in relation to the date of the FDD itself. A significant time gap between the financial statement issuance date and the FDD publication date could suggest that more recent financial information may exist but is not included. In such cases, a franchisee may want to request more up-to-date financials to gain a clearer picture of Bombs Away's current financial health.