Does Buona provide an audited balance sheet as of December 31, 2023?

According to Buona's 2025 Franchise Disclosure Document, the document includes audited financial statements. Specifically, Exhibit D contains audited financial statements including balance sheets as of both December 29, 2024 and December 31, 2023. The financial statements also include 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.

Having audited financial statements is a standard practice for franchisors. Audited statements provide an independent verification of the franchisor's financial condition. This helps potential franchisees assess the financial stability of Buona.

The inclusion of balance sheets for multiple dates (December 29, 2024, December 31, 2023 and January 1, 2023) allows for a comparative analysis of Buona's financial position over time. This can reveal trends and provide a more comprehensive understanding of the company's financial health. Furthermore, the independent auditor's report expresses an opinion on the fairness of the presentation of Buona's financial statements, offering additional assurance to prospective franchisees.