Are Boulder Designs' statements of member's deficit included in the FDD?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
According to Boulder Designs' 2025 Franchise Disclosure Document, the financial statements include statements of member's deficit. Specifically, the independent auditor's report confirms that the audit encompassed 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, along with related notes.
This inclusion is standard practice for providing a comprehensive view of the company's financial standing. The statement of member's deficit reflects changes in the equity or net worth of Boulder Designs over the specified period. This statement is crucial for prospective franchisees as it offers insights into the financial stability and overall financial management of the franchising company.
By reviewing these statements, potential franchisees can assess Boulder Designs' ability to support its franchisees and manage its own financial obligations. The independent auditor's opinion further validates the reliability of these financial statements, indicating they are presented fairly in accordance with accounting principles generally accepted in the United States of America.