What exhibit contains the audited financial statements for Bor Restoration?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
STATE OF WISCONSIN
The Wisconsin Fair Dealership Law, Chapter 135 of the Wisconsin Statutes supersedes any provision of the Franchise Agreement if such provision is in conflict with that law. The Franchise Disclosure Document, the Franchise Agreement, and the Supplemental Agreements are amended accordingly.
EXHIBIT G FINANCIAL STATEMENTS
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INDEPENDENT AUDITORS' REPORT
To Management and the Owner of BOR Franchising, LLC:
Opinion
We have audited the accompanying financial statements of BOR Franchising, LLC (the "Company"), which comprise the balance sheets as of December 31, 2023, 2022 and 2021, and the related statements of operations, owner's equity and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of BOR Franchising, LLC as of December 31, 2023, 2022 and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
Source: Item 21 — Financial Statements (FDD pages 39–40)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the audited financial statements are located in Exhibit G. This exhibit would include essential financial documents such as balance sheets, income statements, and cash flow statements, all audited by an independent accounting firm. These statements provide a detailed overview of Bor Restoration's financial health and performance over the past several years.
For a prospective franchisee, reviewing these audited financial statements is crucial for assessing the financial stability and historical performance of Bor Restoration. The audit reports included in Exhibit G offer an unbiased opinion on the accuracy and reliability of the financial statements. This information can help potential franchisees make informed decisions about the financial risks and rewards associated with investing in a Bor Restoration franchise.
Specifically, the financial statements in Exhibit G for Bor Restoration include balance sheets as of December 31, 2023, 2022, and 2021, along with related statements of operations, owner's equity, and cash flows for those years. Notes accompanying the financial statements provide additional details and explanations of the figures presented. Reviewing these documents will give a potential franchisee insight into Bor Restoration's revenue, expenses, assets, liabilities, and overall profitability.
It is important for prospective franchisees to carefully examine these audited financial statements and consult with a financial advisor to fully understand the implications. By thoroughly reviewing Exhibit G, potential franchisees can gain a clearer picture of Bor Restoration's financial standing and make a well-informed investment decision.