What exhibit contains the financial statements of Cool Binz's affiliate, BFG Holdco, Inc.?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B contains the audited financial statements of our affiliate, BFG Holdco, Inc., as of December 31, 2024, 2023, and 2022. BFG Holdco guarantees our obligations to you.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the audited financial statements of Cool Binz's affiliate, BFG Holdco, Inc., are located in Exhibit B. These financial statements include data as of December 31, 2024, 2023, and 2022.
Since BFG Holdco, Inc. guarantees Cool Binz's obligations to its franchisees, prospective franchisees should carefully review these financial statements. The financial statements can provide insight into the financial health and stability of the company backing Cool Binz.
Understanding the guarantor's financial position is crucial for assessing the security of the franchise investment. Franchisees commonly rely on the franchisor's financial stability, and in this case, also on the guarantor's, to ensure the franchisor can meet its obligations and provide ongoing support.