What years are covered by the audited financial statements for Burneys Sweets More?
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 included cover the periods ending December 31, 2022, December 31, 2023, and December 31, 2024. This means that prospective franchisees can review Burneys Sweets More's financial performance over these three years to gain insight into the company's financial health and stability.
The financial statements include key documents such as balance sheets, statements of retained earnings, statements of income, statements of cash flow, and notes to the financial statements. These statements provide a comprehensive overview of Burneys Sweets More's assets, liabilities, equity, revenues, expenses, and cash flows during the specified periods.
It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to understand the implications for their investment. Analyzing these statements can help franchisees assess the franchisor's profitability, liquidity, and overall financial condition, which are critical factors in evaluating the franchise opportunity.