What years are covered in the audited financial statements for Chocolate Bash Franchising LLC?
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 included cover the fiscal years ending December 31, 2023, December 31, 2022, and December 31, 2021. These statements are included as Exhibit D to the FDD.
This means that prospective franchisees can review Chocolate Bash's financial performance over these three years to assess the company's financial health and stability. The financial statements include the Balance Sheet, Profit & Loss Statements, Statements of Cashflows, Statements of Shareholders' Equity, and related notes for these periods.
It's important to note that Chocolate Bash states they 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. This is a common situation for newer franchises, but it means that the financial history available for review is limited to these three years.