factual

Where can I find the audited financials of BBF as of December 31, 2022 in the Brain Balance FDD?

Brain_Balance Franchise · 2025 FDD

Answer 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 audited financial statements of BBF as of December 31, 2022, can be found as Exhibit C. This exhibit also includes audited financials as of December 31, 2024, and December 31, 2023, along with unaudited balance sheets and profit and loss statements from January 1, 2025, through March 31, 2025. These financial statements are prepared following generally accepted accounting principles, and BBF's fiscal year concludes on December 31.

These audited financial statements are crucial for potential franchisees as they provide a detailed look into Brain Balance's financial health over the past three years. Reviewing these statements can help franchisees assess the company's profitability, stability, and overall financial performance. Understanding these aspects is vital for making an informed investment decision.

Furthermore, the inclusion of an independent auditor's report emphasizes the credibility of these financial statements. The report confirms that the financial statements present fairly the financial position of BB Franchising, LLC as of December 31, 2024, 2023, and 2022. This independent audit provides assurance that the financials have been prepared in accordance with generally accepted accounting principles.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.