What does Exhibit 6 of the Bor Restoration Franchise Disclosure Document contain?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
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 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, Exhibit G contains the financial statements for Bor Restoration. These financial statements include balance sheets as of December 31, 2023, 2022, and 2021, along with related statements of operations, owner's equity, and cash flows for the years then ended.
An independent auditor's report is included, providing an opinion on the fairness of the presentation of Bor Restoration's financial position as of December 31, 2023, 2022, and 2021. The report states that the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of Bor Restoration in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should carefully review these audited financial statements and the accompanying notes to understand Bor Restoration's financial performance, stability, and overall financial health. This information can help them assess the franchisor's ability to support its franchisees and fulfill its obligations under the franchise agreement. Consulting with a financial advisor is recommended to fully interpret the implications of these financial statements.