Where can I find the opening balance sheet for Bombs Away?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
Item 21 FINANCIAL STATEMENTS
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
EXHIBIT C
FINANCIAL STATEMENTS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, the opening balance sheet dated December 31, 2022, can be found in Exhibit C. Item 21 indicates that because Bombs Away has not been in business for three years or more, they cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission.
Exhibit C contains Bombs Away's audited financial statements dated December 31, 2023, and the opening balance sheet dated December 31, 2022. The fiscal year end for Bombs Away is December 31.
Prospective franchisees can review these financial statements to gain insight into the company's financial position and performance. This includes understanding the assets, liabilities, and equity of Bombs Away as of December 31, 2022, and the audited financial performance through December 31, 2023.