Does the Brain Balance FDD include audited financials for BBF as of December 31, 2022?
Brain_Balance Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit C are the unaudited balance sheet and profit and loss statements from January 1, 2025 through March 31, 2025 as well as the audited financials of BBF as of December 31, 2024, December 31, 2023, and December 31, 2022. These financial statements have been prepared in accordance with generally accepted accounting principles. BBF's fiscal year ends December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 70)
What This Means (2025 FDD)
According to Brain Balance's 2025 Franchise Disclosure Document, the document includes audited financial statements for BB Franchising, LLC (BBF) as of December 31, 2022. The FDD also contains audited financials for December 31, 2023, and December 31, 2024.
These audited financial statements provide prospective franchisees with an overview of Brain Balance's financial health and performance over the past three years. Reviewing these statements can help potential franchisees assess the company's profitability, stability, and ability to support its franchisees.
In addition to the audited financials, the FDD includes unaudited balance sheet and profit and loss statements from January 1, 2025, through March 31, 2025. This offers a more current, though not audited, snapshot of the company's financial status. The financial statements have been prepared following generally accepted accounting principles.