Does Buona provide an audited balance sheet as of January 1, 2023?
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, the financial statements attached as Exhibit D include an audited balance sheet as of January 1, 2023. These audited financial statements also include the balance sheet as of December 31, 2023, along with related statements of operations, changes in members' equity, and cash flows for the years ending December 29, 2024, December 31, 2023 and January 1, 2023.
Having audited financial statements is a standard practice for franchisors. This gives potential franchisees more confidence in the financial stability of the company. The inclusion of balance sheets from multiple dates allows for a comparison of the company's financial position over time.
Prospective franchisees should carefully review these audited financial statements and notes, possibly with a financial advisor, to fully understand Buona's financial health and stability before making any investment decisions.