Do the financial statements for Hawaiian Bros Island Grill include a balance sheet?
Hawaiian_Bros_Island_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
Moss Adams, LLP, agrees to the inclusion in the Franchise Disclosure Document issued by Hawaiian Bros Franchising, LLC (Franchisor) on May 20, 2025, as it may be amended, of our report dated March 17, 2025, relating to the financial statements of the Franchisor, which is comprised of the balance sheets as of December 29, 2024 and December 31, 2023, and the related statements of operations, member's equity, and cash flows for the years ended December 29, 2024, and December 31, 2023, and for the period from September 16, 2022 to December 25, 2022, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 77)
What This Means (2025 FDD)
Yes, according to the 2025 Franchise Disclosure Document, the financial statements for Hawaiian Bros Island Grill include balance sheets. The independent auditors' report confirms that the financial statements comprise balance sheets as of December 29, 2024, and December 31, 2023. These statements also include related statements of operations, member's equity, and cash flows for specific periods.
This inclusion of balance sheets in the financial statements is a standard practice, providing a snapshot of the company's assets, liabilities, and equity at specific points in time. This information is crucial for prospective franchisees to assess the financial health and stability of Hawaiian Bros Island Grill. The balance sheets, along with the other financial statements, offer insights into the company's ability to meet its obligations and manage its resources effectively.
The financial statements are audited by an independent auditor, Moss Adams, LLP, ensuring that they are presented fairly and in accordance with accounting principles generally accepted in the United States of America. The auditor's consent to include their report in the Franchise Disclosure Document further validates the reliability of the financial information provided. Prospective franchisees should carefully review these audited financial statements, including the balance sheets, to make an informed decision about investing in a Hawaiian Bros Island Grill franchise.