Where can I find Bonchon's statements of changes in member's equity (deficit) within the Disclosure Document?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit C are our audited balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of income and changes in member's equity (deficit) and cashflows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, the statements of income and changes in member's equity (deficit) can be found as Exhibit C. These statements are audited balance sheets as of December 31, 2024, 2023 and 2022, and include related statements of income and cashflows for those years.
These financial statements are crucial for potential franchisees as they provide an overview of Bonchon's financial performance over the past three years. Reviewing these statements will help a prospective franchisee assess the financial stability and profitability of Bonchon.
Specifically, the statements of changes in member's equity (deficit) will show how the equity of Bonchon has changed over time, reflecting profits, losses, and any distributions to its members. This information, along with the balance sheets and income statements, offers a comprehensive view of Bonchon's financial health, which is essential for making an informed investment decision.