Are Bombs Away's Item 21 Financial Statements included as an exhibit?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
[Item 23: RECEIPTS]
Issuance Date: February 9, 2024
I received a disclosure document that included the following Exhibits:
- A. State Addenda to Disclosure Document
- B. Franchise Agreement (with State Addenda to Agreements, Guaranty and Non-Compete Agreement, and Form of General Release)
- C. Item 21 Financial Statements
- D. State Administrators and Agents for Service of Process
Source: Item 23 — RECEIPTS (FDD pages 36–117)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, the Item 23 (Receipts) section indicates which exhibits are included in the disclosure document. Specifically, Exhibits A through D are listed.
Exhibit C of the Bombs Away FDD is the Item 21 Financial Statements. This means that prospective franchisees will receive the franchisor's financial statements as part of the disclosure document.
Reviewing these financial statements is crucial for potential Bombs Away franchisees. It allows them to assess the financial health and stability of the franchisor, which can influence the level of support and resources available to franchisees. Analyzing Item 21 helps franchisees make informed decisions about investing in the franchise.