Where can I find the audited financials of BBF as of December 31, 2024 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 the 2025 Brain Balance FDD, the audited financial statements of BBF as of December 31, 2024, can be found in Exhibit C. The exhibit includes audited financials for December 31, 2023, and December 31, 2022, as well. These financial statements were prepared following generally accepted accounting principles, and Brain Balance's fiscal year concludes on December 31.
These audited financial statements provide prospective franchisees with an overview of Brain Balance's financial health over the past three years. Reviewing these statements can help potential franchisees assess the company's profitability, stability, and overall financial performance. Understanding the franchisor's financial position is crucial for making an informed investment decision.
Exhibit C also contains unaudited balance sheet and profit and loss statements from January 1, 2025, through March 31, 2025. While these are not audited, they offer a more recent snapshot of the company's financial performance in the current year. By examining both the audited and unaudited statements, prospective franchisees can gain a comprehensive understanding of Brain Balance's financial trends and current financial status.