Where can I find 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 can be found in Exhibit G. These 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, and notes to the financial statements.
The financial statements offer prospective Bor Restoration franchisees insight into the franchisor's financial health and stability. Reviewing these statements can help potential franchisees assess the company's profitability, assets, liabilities, and cash flow trends over the three-year period.
The inclusion of an independent auditor's report indicates that these financial statements have been examined by an external accounting firm. The auditor's opinion confirms whether the financial statements present fairly the financial position of Bor Restoration in accordance with accounting principles generally accepted in the United States of America.