As of what date are the unaudited financial statements for Buff City Soap included in the FDD?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
s to the Financial Statements7−15 | |
Report of Independent Auditors
To the Management of Buff City Soap Franchising, LLC
Opinion
We have audited the accompanying financial statements of Buff City Soap Franchising, LLC (the "Company"), which comprise the balance sheets as of December 29, 2024 and December 31, 2023, and the related statements of operations, of member's deficit and of cash flows for the years then ended, including the related notes (collectively referred to as the "financial statements").
Source: Item 21 — Financial Statements (FDD page 69)
What This Means (2025 FDD)
According to Buff City Soap's 2025 Franchise Disclosure Document, the audited financial statements include balance sheets as of December 29, 2024, and December 31, 2023. The statements of operations, member's deficit, and cash flows are for the years then ended.
These financial statements offer prospective Buff City Soap franchisees insight into the company's financial position and performance over the past two fiscal years. The audit was conducted according to auditing standards generally accepted in the United States of America. The prior financial statements for the year ended January 1, 2023, were audited by other auditors, with their report dated September 29, 2023, expressing an unmodified opinion on those statements.
It is important for potential franchisees to carefully review these audited financial statements and consult with a financial advisor to understand the financial health and stability of Buff City Soap Franchising, LLC. Understanding the company's financial performance can help franchisees assess the risks and potential rewards associated with investing in a Buff City Soap franchise.