Does the Boulder Designs FDD include audited balance sheets as of December 31, 2022?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document as Exhibit A are our audited balance sheets as of December 31, 2024, 2023 and 2022, and related statements of operations and member's deficit, and cash flows for the years ended December 31,2024, 2023, and 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the document includes audited balance sheets as of December 31, 2024, 2023, and 2022. These balance sheets are part of the financial statements attached as Exhibit A. The inclusion of these audited financial statements provides prospective franchisees with an overview of Boulder Designs' financial health over the past three years.
The financial statements also include related statements of operations and member's deficit, and cash flows for the years ended December 31, 2024, 2023, and 2022. This comprehensive financial reporting allows potential franchisees to review Boulder Designs' performance and stability.
By providing these audited financial statements, Boulder Designs aims to offer transparency and build trust with potential franchisees, which is a common practice in franchising. Reviewing these statements is a crucial step for anyone considering investing in a Boulder Designs franchise.