Does Boulder Designs provide audited balance sheets in the FDD?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT A TO FRANCHISE DISCLOSURE DOCUMENT BOULDER DESIGNS FRANCHISING, LLC
FINANCIAL STATEMENTS
Boulder Designs Franchising, LLC Financial Statements
Financial Statements Years ended December 31, 2024, 2023 and 2022 (With Independent Auditor's Report Thereon)
JAYNES REITMEIER BOYD & THERRELL, P.C. Certified Public Accountants 5400 Bosque Blvd., Ste. 600 FWaco, TX 76710 P.O. Box 7616 FWaco, TX 76714 Main 254,776,4190 FFax 254,776,8489 Fpbt.com
INDEPENDENT AUDITOR'S REPORT
The Member Boulder Designs Franchising, LLC:
Opinion
We have audited the financial statements of Boulder Designs Franchising, LLC (the "Company"), which comprise the balance sheet as of December 31, 2024, and the related statements of operations and member's deficit, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
Yes, Boulder Designs's 2025 Franchise Disclosure Document includes audited financial statements. Specifically, the FDD contains an Independent Auditor's Report and a balance sheet as of December 31, 2024, along with related statements of operations, member's deficit, and cash flows for the year then ended. These financial statements have been audited by Jaynes Reitmeier Boyd & Therrell, P.C., a firm of Certified Public Accountants.
The auditor's opinion states that the financial statements of Boulder Designs Franchising, LLC, present fairly, in all material respects, the company's financial position as of December 31, 2024, and the results of its operations and its cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
The inclusion of audited financial statements is a standard practice in franchising, providing potential franchisees with an independent assessment of the franchisor's financial health. This allows prospective Boulder Designs franchisees to review the financial performance and stability of the company before making an investment decision.