factual

Where can I find the audited financial statements for Bombs Away?

Bombs_Away Franchise · 2024 FDD

Answer 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 the 2024 Bombs Away Franchise Disclosure Document, the audited financial statements can be found in Exhibit C. Because Bombs Away has not been in business for at least three years, the FDD does not include all financial statements typically required by the FTC's Franchise Rule. Instead, Exhibit C contains Bombs Away's audited financial statements dated December 31, 2023, and an opening balance sheet dated December 31, 2022. The company's fiscal year ends on December 31.

These financial statements include an Independent Accountant Audit Report, a Profit & Loss Statement, a Balance Sheet, a Statement of Cashflows, a Statement of Shareholders' Equity, and notes to the financial statements. These documents provide a prospective Bombs Away franchisee with essential information regarding the franchisor's financial health and stability.

The inclusion of these audited financial statements and related reports in the FDD is intended to provide transparency and assist potential franchisees in making informed investment decisions. Reviewing these statements will allow a franchisee to assess Bombs Away's revenues, expenses, assets, liabilities, and overall financial performance. It is advisable for potential franchisees to carefully examine these financial statements and consult with a financial advisor to fully understand the implications before investing in a Bombs Away franchise.

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.