Where can I find the audited financials of BBF as of December 31, 2023 in the Brain Balance FDD?
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 audited financials of BBF as of December 31, 2023, can be found as Exhibit C. Item 21 states that Exhibit C includes the audited financials of BBF as of December 31, 2024, December 31, 2023, and December 31, 2022. These financial statements have been 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 and stability. Reviewing these statements can help franchisees assess the franchisor's ability to support its franchisees and manage its own operations effectively. The inclusion of multiple years (2022, 2023, and 2024) allows for a comparative analysis, highlighting trends and potential areas of concern or growth.
It is important for prospective franchisees to carefully examine these financial statements and consult with a financial advisor to fully understand the implications. Key areas to focus on include revenue trends, profitability, debt levels, and cash flow. Understanding these aspects will enable a franchisee to make an informed decision about investing in a Brain Balance franchise.