As of what dates are the audited Financial Statements of CBAC (Christian Brothers Automotive) provided?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Christian Brothers Automotive Corporation, which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income, changes in shareholders' equity and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Christian Brothers Automotive Corporation as of December 31, 2024 and 2023, and the results of their operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the audited consolidated financial statements include balance sheets as of December 31, 2024 and 2023. These statements also incorporate the results of operations and cash flows for the years then ended.
The independent auditors' report confirms that the financial statements present fairly the financial position of Christian Brothers Automotive as of December 31, 2024 and 2023. This includes an assessment of their operations and cash flows for those years, adhering to accounting principles generally accepted in the United States of America.
Prospective franchisees should review these audited financial statements carefully to understand Christian Brothers Automotive's financial health and performance. Understanding the company's financial position as of these dates can help franchisees assess the stability and potential risks associated with investing in a Christian Brothers Automotive franchise.