On what pages of the Burneys Sweets More FDD can I find the Statements of Retained Earnings?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
| INDEPENDENT AUDITORS' REPORT | 1-2 |
|---|---|
| FINANCIAL STATEMENT | |
| EXHIBIT A – BALANCE SHEETS | 3 |
| EXHIBIT B – STATEMENTS OF RETAINED EARNINGS | 4 |
| EXHIBIT C – STATEMENTS OF INCOME | 5 |
| EXHIBIT D – STATEMENTS OF CASH FLOWS | 6 |
| NOTES TO THE FINANCIAL STATEMENTS | 7-10 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2025 FDD)
According to the 2025 Burneys Sweets More FDD, the Statements of Retained Earnings can be found on page 4 of the financial statements. The financial statements are included as Exhibit C to the FDD. This index is helpful because it allows potential franchisees to easily locate specific financial documents within the FDD.
The financial statements themselves provide a detailed look at Burneys Sweets More's financial performance over the past three years. These statements are audited by an independent accounting firm, Thompson, Price, Scott, Adams & Co., P.A., which adds credibility to the reported figures. The audit includes balance sheets, income statements, statements of cash flow, and the statement of retained earnings.
For a prospective Burneys Sweets More franchisee, reviewing the Statements of Retained Earnings is crucial for understanding the company's profitability and how it manages its earnings. It shows how much profit Burneys Sweets More has kept over time, which can be a good indicator of financial stability and growth potential. This information, combined with the other financial statements, can help a franchisee make an informed decision about investing in the franchise.