What is the earliest year for which financial statements are provided for Bw Premier Collection?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Best Western International, Inc. (the Company), which comprise the consolidated statements of financial position as of November 30, 2024 and 2023, and the related consolidated statements of revenues and expenses, other comprehensive revenues and expenses, cash flows and changes in net assets for the years then ended, and the related notes (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at November 30, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD page 54)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the consolidated financial statements of Best Western International, Inc. have been audited. These statements comprise the consolidated statements of financial position as of November 30, 2024 and 2023. They also include the related consolidated statements of revenues and expenses, other comprehensive revenues and expenses, cash flows, and changes in net assets for the years then ended. Ernst & Young LLP audited these financial statements.
This means that the FDD includes financial data for the fiscal years ending November 30, 2023, and November 30, 2024. A prospective franchisee can review these statements to understand Bw Premier Collection's recent financial performance, including its assets, liabilities, revenues, expenses, and cash flows. Examining multiple years allows for trend analysis.
It is important to note that these are the financial statements for Best Western International, Inc., the parent company, and not specifically for the Bw Premier Collection brand. However, they provide insight into the overall financial health and stability of the organization that supports the Bw Premier Collection franchise system. A potential franchisee should carefully review these statements and consider seeking professional financial advice to fully understand their implications.