As of what date are the unaudited financial statements for Buff City Soap?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
Buff City Soap Franchising, LLC
Financial Statements As of December 29, 2024 and December 31, 2023 and for the Years Ended December 29, 2024, December 31, 2023 and January 1, 2023
Source: Item 21 — Financial Statements (FDD page 69)
What This Means (2025 FDD)
According to Buff City Soap's 2025 Franchise Disclosure Document, the financial statements included are as of December 29, 2024, and December 31, 2023, and are for the years ended December 29, 2024, December 31, 2023, and January 1, 2023. These statements include the balance sheets, statements of operations, statements of member's deficit, and statements of cash flows, along with related notes.
These dates are important for prospective franchisees as they provide a snapshot of the company's financial health over the past three fiscal years. Analyzing these statements can help potential franchisees understand Buff City Soap's revenue, expenses, assets, and liabilities, which is crucial for making an informed investment decision.
The FDD also includes a report from independent auditors, indicating that the financial statements present fairly the financial position of Buff City Soap Franchising, LLC as of December 29, 2024, and December 31, 2023. The audit was conducted in accordance with auditing standards generally accepted in the United States of America, suggesting a level of scrutiny and reliability in the financial reporting.