As of what dates are the balance sheets presented in the Diesel Barbershop financial statements?
Diesel_Barbershop Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Diesel Barbershop Franchising, LLC, which comprise the balance sheets as of November 30, 2024 and 2023, and the related statements of operations, members' deficit, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Diesel Barbershop Franchising, LLC as of November 30, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Diesel Barbershop's 2025 Franchise Disclosure Document, the audited financial statements include balance sheets as of November 30, 2024 and 2023. These statements provide a snapshot of the company's assets, liabilities, and equity at these specific points in time.
These balance sheets, along with related statements, offer insights into Diesel Barbershop's financial position and performance over the past two years. A prospective franchisee can use this information to assess the franchisor's financial stability and identify any trends in its financial health. Examining these statements can help in understanding how the company manages its resources and obligations.
The financial statements also include statements of operations, changes in members' deficit, and cash flows for the years then ended, along with related notes. These additional statements provide a more comprehensive view of the company's financial activities and can help potential franchisees make informed decisions about investing in a Diesel Barbershop franchise.