In the Cool Binz consolidated financial statements, what entities are included in the consolidated financial position, operations, stockholders' equity, and cash flows?

According to the 2025 Cool Binz Franchise Disclosure Document, the consolidated financial statements include the financial positions, operations, stockholders' equity, and cash flows of BFG Holdco, Inc. and its subsidiaries. The document specifies that all material intercompany accounts and transactions are eliminated during the consolidation process. This means that any financial transactions or balances between BFG Holdco, Inc. and its subsidiaries are removed to present a clear picture of the overall financial health of the consolidated group.

For a prospective Cool Binz franchisee, this information is relevant because it provides insight into the financial structure of the parent company and its related entities. Understanding the consolidated financial position can help franchisees assess the stability and performance of the overall organization. This is particularly important as the success of the franchise system is closely tied to the financial health of the parent company.

The elimination of intercompany transactions ensures that the financial statements provide a transparent view of the group's performance, without inflating revenues or assets through internal dealings. Franchisees should be aware that the financial statements they review reflect this consolidated view, offering a comprehensive understanding of Cool Binz's financial standing.

It is important for potential franchisees to carefully review these consolidated financial statements, along with any accompanying notes, to gain a thorough understanding of the financial health and stability of BFG Holdco, Inc. and its subsidiaries before making a decision to invest in a Cool Binz franchise.