Are there any unaudited financial statements included in the Buildingstars FDD, and if so, where are they located?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
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
NONE
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, Exhibit H is designated for unaudited financial statements, if required by law. However, the document explicitly states "NONE" under Exhibit H, indicating that no unaudited financial statements are included in this FDD.
This means that prospective Buildingstars franchisees will not have access to unaudited financial statements as part of the standard FDD. Instead, the FDD includes audited consolidated financial statements and supplementary information of Buildingstars International, Inc., and subsidiaries for the years ending December 31, 2024, 2023, and 2022, which are located in Exhibit G.
Franchisees should be aware that the absence of unaudited financial statements does not necessarily indicate a lack of transparency. Buildingstars provides audited financial statements, which are generally considered more reliable due to the independent verification by a certified public accountant. If a potential franchisee requires further financial information beyond the audited statements, they should consider requesting it directly from Buildingstars.