How much cash did Burros Fries pay for interest during the year?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
Our certified, independent, audited financial statements for the period from January 1, 2021 to December 31, 2021, audited financial statements for the period from January 1, 2022 to December 31, 2022, and audited financial statements for the period from January 1, 2023 to December 31, 2023, and unaudited financials for the period of January 1, 2024 to October 31, 2024 are attached to this Disclosure Document as Exhibit G. Our fiscal year end is December 31. We have not been in business for three complete years or more and therefore cannot include all the financial statements required by the Rule for our last three fiscal years.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2024 FDD)
The 2024 Franchise Disclosure Document for Burros Fries includes audited financial statements for the years ending December 31, 2021, December 31, 2022, and December 31, 2023. However, the provided excerpts do not contain a specific line item detailing the amount of cash Burros Fries paid for interest during any of these years.
While the financial statements are included as Exhibit G, the excerpts provided do not include the actual statements of cash flow, statements of operations, or related notes that would contain this information. These statements would typically break down cash flow activities, including interest payments, and detail operational expenses.
A prospective Burros Fries franchisee should carefully review the full audited financial statements in Exhibit G of the FDD. If the information is not present, they should ask Burros Fries's franchisor directly for the specific amount of cash paid for interest expenses in 2021, 2022, and 2023 to gain a clearer understanding of the company's financial performance and obligations.