According to Bor Restoration's 2024 Franchise Disclosure Document, the Independent Auditors' Report indicates that the financial statements of BOR Franchising, LLC include balance sheets. Specifically, the report states that the audit encompassed the balance sheets as of December 31, 2022, 2021, and 2020. This suggests that prospective franchisees can review the company's financial position over the three-year period.

The inclusion of balance sheets in the financial statements allows potential Bor Restoration franchisees to assess the company's assets, liabilities, and equity at specific points in time. This information is crucial for understanding the franchisor's financial stability and its ability to support its franchisees. The balance sheets, along with the related statements of operations, owner's equity, and cash flows, provide a comprehensive view of the company's financial performance.

The Independent Auditors' Report also confirms that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This adds credibility to the financial information and assures prospective franchisees that the statements have been audited by an independent firm. The audit was conducted according to generally accepted auditing standards, further reinforcing the reliability of the financial data.

Furthermore, the notes to the financial statements, which are also part of the audited financial statements, provide additional details and explanations of the amounts presented in the balance sheets and other financial statements. These notes can help prospective franchisees gain a deeper understanding of the company's accounting policies, significant estimates, and other relevant financial information. Reviewing these notes is essential for a thorough assessment of Bor Restoration's financial health.