Does Browns Chicken provide audited balance sheets in Exhibit A, and if so, for what dates?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached hereto as Exhibit A is Brown's audited balance sheet as of December 31, 2024, December 31, 2023, and December 31, 2022, and the Statement of Operations, Statement of Changes in Members' Equity, and Statement of Cash Flows for the years then ended.
Also attached as Exhibit A is Brown's unaudited balance as of March 30, 2025, and its Statement of Operations for the 2 months ended on March 30, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 Browns Chicken Franchise Disclosure Document, Exhibit A includes audited balance sheets. These audited balance sheets are as of December 31, 2024, December 31, 2023, and December 31, 2022. The exhibit also contains the Statement of Operations, Statement of Changes in Members' Equity, and Statement of Cash Flows for the years then ended.
In addition to the audited financials, Browns Chicken also includes an unaudited balance sheet as of March 30, 2025, and its Statement of Operations for the 2 months ended on March 30, 2025, in Exhibit A.
The inclusion of these audited financial statements provides prospective franchisees with an overview of Browns Chicken'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, aiding them in making an informed investment decision.