What were the total current liabilities for Burros Fries as of December 31, 2023?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
We hereby consent to the use of our Independent Auditor's Report dated November 4, 2024, relating to the financial statements of Burros & Fries Franchise, Inc. for the period ending December 31, 2023, with the Franchise Disclosure Document which was issued by Burros & Fries Franchise, Inc. (Franchisor) on November 15, 2024, or as it may be amended, and with the Burros & Fries Franchise, Inc. Franchise Application.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2024 FDD)
Based on the 2024 Franchise Disclosure Document, the balance sheet for Burros & Fries Franchise, Inc. as of December 31, 2023, would contain the details of the company's total current liabilities. However, the excerpt provided does not include the actual balance sheet figures.
While the FDD includes an Independent Auditor's Report and consents related to the financial statements for the period ending December 31, 2023, these documents only confirm that an audit was conducted and that the auditor consents to the use of the financial statements in the FDD. They do not provide the specific figures for current liabilities or any other balance sheet items.
A prospective Burros Fries franchisee should request a full copy of the audited financial statements for the year ending December 31, 2023, from the franchisor. This will allow them to review the total current liabilities and other relevant financial information to assess the financial health and stability of the company.