For Burneys Sweets More, what exhibit contains the audited financial statements?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit C are the audited financial statements for the periods ending December 31, 2022, December 31, 2023, and December 31, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the audited financial statements are included as Exhibit C. This exhibit contains the financial statements for the periods ending December 31, 2022, December 31, 2023, and December 31, 2024.
Prospective franchisees should carefully review these audited financial statements to understand Burneys Sweets More's financial performance over the past three years. This review should include an examination of the balance sheets, statements of retained earnings, statements of income, and statements of cash flow, as well as any notes to the financial statements.
Understanding the franchisor's financial health is crucial for assessing the stability and potential risks associated with investing in a Burneys Sweets More franchise. It is advisable to consult with a financial advisor or accountant to properly interpret these statements and understand their implications for your investment.