Where can I find the audited financial statements for 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 for Cool Binz's affiliate, BFG Holdco, Inc., are located in Exhibit B. These statements are provided for the fiscal years ending December 31, 2024, 2023, and 2022.
Since BFG Holdco, Inc. guarantees Cool Binz's obligations to its franchisees, reviewing these financial statements is crucial for prospective franchisees. It allows them to assess the financial stability and overall health of the guarantor company. This is a common practice in franchising, as the financial strength of the parent company or guarantor can impact the franchise system's stability.
By examining these statements, a potential Cool Binz franchisee can evaluate BFG Holdco's ability to meet its guarantee obligations. This includes analyzing assets, liabilities, equity, revenues, and expenses over the three-year period. Any significant changes or trends in these financial metrics could indicate potential risks or opportunities for the Cool Binz franchise system.