Does Buona provide an audited balance sheet as of December 29, 2024?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit D is our audited financial statements which include the balance sheet as of December 29, 2024 and December 31, 2023 and the related statements of operations, changes in members' equity, and cash flows for the years ending December 29, 2024 and December 31, 2023; and the balance sheet as of December 31, 2023 and January 1, 2023 and the related statements of operations, changes in members' equity, and cash flows for the years ending December 31, 2023 and January 1, 2023.
Our fiscal year ends on the Sunday nearest to December 31 each year.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, Item 21 includes the company's audited financial statements. These statements, presented as Exhibit D, contain the balance sheet as of December 29, 2024, and December 31, 2023. The financial statements also include related statements of operations, changes in members' equity, and cash flows for the years ending December 29, 2024, and December 31, 2023.
In addition to the balance sheet for the period ending December 29, 2024, the audited financial statements also include a balance sheet as of December 31, 2023, and January 1, 2023, along with the related statements of operations, changes in members' equity, and cash flows for the years ending December 31, 2023, and January 1, 2023.
Buona's fiscal year concludes on the Sunday nearest to December 31 each year. This is a fairly standard practice, as many companies' fiscal years align closely with the calendar year for accounting and reporting purposes.