Does the Buildingstars Franchise Disclosure Document include audited financial statements?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this franchise disclosure document as Exhibit G are:
The audited consolidated financial statements and supplementary information of our parent, Buildingstars International, Inc., and subsidiaries for the years ending December 31, 2024, 2023, and 2022. Buildingstars International, Inc. has guaranteed our performance with you. A copy of the Guaranty of Performance is included in Exhibit G.
Attached to this franchise disclosure document as Exhibit H are unaudited financial statements if required by law.
EXHIBIT H
UNAUDITED FINANCIAL STATEMENTS
THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the document includes audited consolidated financial statements and supplementary information for Buildingstars International, Inc., and its subsidiaries for the years ending December 31, 2024, 2023, and 2022. These audited statements are included as Exhibit G. Buildingstars International, Inc. has guaranteed Buildingstars's performance to the franchisee.
In addition to the audited financial statements, the Buildingstars FDD also includes Exhibit H, which contains unaudited financial statements, if required by law. However, the FDD explicitly states that no certified public accountant has audited these figures or expressed an opinion on their content or form.
Prospective franchisees should carefully review both the audited and unaudited financial statements (if any) to understand Buildingstars's financial health and stability. The audited statements provide a higher level of assurance due to the independent audit, while the unaudited statements should be viewed with caution, as noted in the FDD.