Are Boulder Designs' statements of operations included in the FDD?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 23 RECEIPT
ITEM 23 RECEIPT
Two copies of a receipt of this disclosure document appear as Exhibit K. Please return one copy to us and retain the other for your records.
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.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America ("GAAS"). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Other Matter
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, the document includes the company's financial statements, including statements of operations. Exhibit A to the FDD contains Boulder Designs Franchising, LLC's financial statements for the years ended December 31, 2024, 2023, and 2022, along with an independent auditor's report.
The inclusion of these financial statements, audited by Jaynes Reitmeier Boyd & Therrell, P.C., provides prospective franchisees with insight into the financial health and performance of Boulder Designs. The auditor's report expresses an opinion on the fairness of the presentation of the company's financial position as of December 31, 2024, and the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
Specifically, the auditor states that the audit was conducted following generally accepted auditing standards in the United States of America, ensuring that the audit was performed with appropriate rigor and ethical standards. This includes the balance sheet as of December 31, 2024, 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. This information is crucial for potential franchisees to assess the financial stability and historical performance of Boulder Designs before making a decision to invest in a franchise.