factual

What exhibit contains the unaudited opening balance sheet for Byrider Franchising Partners?

Byrider Franchise · 2025 FDD

Answer from 2025 FDD Document

Exhibit A contains an unaudited opening balance sheet of Byrider Franchising Partners as of September 5, 2024. Byrider Franchising Partners has not been in business for three years or more and cannot include all the financial statements required by the Federal Trade Commission Franchise Rule.

Source: Item 21 — Financial Statements (FDD page 87)

What This Means (2025 FDD)

According to Byrider's 2025 Franchise Disclosure Document, Exhibit A contains the unaudited opening balance sheet for Byrider Franchising Partners as of September 5, 2024. Because Byrider Franchising Partners had not been in business for three years or more, the FDD states that it cannot include all of the financial statements typically required by the Federal Trade Commission Franchise Rule.

For a prospective franchisee, the opening balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time. Because the balance sheet is unaudited, it is important for potential franchisees to understand the implications of relying on unaudited financial information.

It is essential for potential Byrider franchisees to carefully review Exhibit A and understand the financial position of Byrider Franchising Partners. Due diligence, including consulting with a financial advisor, is crucial in assessing the franchisor's financial stability and long-term viability before making any investment decisions.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.