factual

For what years are the results of Clear Pest Pros included in the accompanying consolidated financial statements?

Clear_Pest_Pros Franchise · 2025 FDD

Answer from 2025 FDD Document

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and include the results of the Company for the years ended December 31, 2024, 2023, and 2022.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)

What This Means (2025 FDD)

According to Clear Pest Pros's 2025 Franchise Disclosure Document, the consolidated financial statements include the results of the company for the years ended December 31, 2024, 2023, and 2022. These statements are prepared following accounting principles generally accepted in the United States of America (GAAP). The consolidated financial statements reflect the financial position, operations, equity, and cash flows of BFG Holdco, Inc. and its subsidiaries. All significant intercompany accounts and transactions have been eliminated during consolidation.

Specifically, Exhibit E contains the audited financial statements of Clear Pest Pros's affiliate, BFG Holdco, which guarantees their obligations to franchisees, for the years ending December 2024, 2023, and 2022. The fiscal year end for Clear Pest Pros is December 31. These consolidated financial statements include balance sheets, statements of operations, statements of stockholders' equity, and statements of cash flows for these years.

Prospective franchisees should review these financial statements carefully to understand Clear Pest Pros's financial performance and stability over the past three years. Key items to examine include revenue trends, expenses, profitability, and cash flow. Understanding these trends can help a franchisee assess the potential risks and rewards of investing in a Clear Pest Pros franchise.

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.