table_specific

In what unit of currency are the Cool Binz consolidated balance sheets presented?

Cool_Binz Franchise · 2025 FDD

Answer from 2025 FDD Document

Notes to Consolidated Financial Statements (dollars in thousands)

Balance Sheet

December 31, 2023

Source: Item 23 — RECEIPTS (FDD pages 63–238)

What This Means (2025 FDD)

According to Cool Binz's 2025 Franchise Disclosure Document, the consolidated financial statements are presented with dollar amounts in thousands. This means that the balance sheet figures are rounded to the nearest thousand dollars, which is a common practice for larger companies to simplify the presentation of financial data.

For a prospective Cool Binz franchisee, this indicates that the financial statements provided in the FDD are summary level and may not reflect exact figures. While the 'dollars in thousands' format provides a general overview of the company's financial position, franchisees should be aware that the actual underlying numbers could vary slightly. This is a standard reporting convention and does not necessarily indicate any issues with the financial data itself.

Franchisees who require more detailed financial information for their due diligence should consider requesting additional documentation or clarification from Cool Binz. Understanding the scale and scope of the financial reporting is crucial for making informed investment decisions.

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.