Where can I find the audited financial statements for Chocolate Bash mentioned in the FDD?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
We have not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit D contains our audited financial statements from 12/31/2023, 12/31/2022 and 12/31/2021. Our fiscal year end is December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the audited financial statements can be found in Exhibit D. The financial statements included are from December 31, 2023, December 31, 2022, and December 31, 2021. These statements cover the period up to Chocolate Bash's fiscal year end, which is December 31.
Exhibit D contains the financial statements of Chocolate Bash Franchising LLC, including the Independent Accountant Audit Report, Profit & Loss Statements, Balance Sheet, Statements of Cashflows, Statements of Shareholders' Equity, and related notes for the twelve-month periods then ended. The audit was conducted in accordance with auditing standards generally accepted in the United States of America.
The financial statements provide a comprehensive overview of Chocolate Bash's financial performance and position over the past three years. Prospective franchisees can use these statements to assess the financial health and stability of the company, which is a crucial step in evaluating the franchise opportunity.