What is the latest fiscal year for which financial statements are provided for Bor Restoration?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
Attached to this Disclosure Document as Exhibit G are our audited financial statements for fiscal years ended December 31, 2021, December 31, 2022, and December 31, 2023.
Source: Item 21 — Financial Statements (FDD pages 39–40)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the franchise includes audited financial statements for the fiscal years ended December 31, 2021, December 31, 2022, and December 31, 2023. This means that the most recent fiscal year for which financial statements are available is 2023.
Having three years of financial statements allows prospective franchisees to review Bor Restoration's financial performance over time. This helps in identifying trends and assessing the company's financial stability.
It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to understand the franchisor's financial health and stability. This review should include an assessment of revenues, expenses, assets, and liabilities to make an informed investment decision.